# Nidec to invest ¥50B in Chinese machine tool plant for gear production

Nidec will invest 50 billion yen ($433 million) to increase Chinese production of machine tools used to make gears, expanding beyond its mainstay motors to capitalize on China's electric vehicle push.

- Type: Expansion
- Announced: 2022-01-12
- Where: China, China
- Value: $433.0M (50.0B JPY)
- Status: announced
- Products: machine tools for gears
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Nidec](https://endata.com/companies/1321.md)

## Sources

- [asia.nikkei.com](https://asia.nikkei.com/business/electronics/japan-s-nidec-rides-china-ev-boom-by-expanding-machine-tool-output), 2022-01-11: "Nidec will invest 50 billion yen ($433 million) to increase Chinese production of machine tools used to make gears."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.