# Nidec to build $435M gear-grinding machine plant in Pinghu, China

Nidec will build a new plant in Pinghu, Zhejiang, China to produce gear-grinding machine tools for EVs. The investment is 500 billion yen (approx. $4.35 billion). Production is expected to start in spring 2023.

- Type: New facility
- Announced: 2022-01-12
- Where: Pinghu, Zhejiang, China
- Value: $435.0M (50.0B JPY)
- Starts operating: Q2 2023
- Status: announced
- Products: gear-grinding machine tools for EVs
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nidec](https://endata.com/companies/1321.md)
- [Nidec Machine Tool](https://endata.com/companies/57941.md) (partner)

## Sources

- [cn.nikkei.com](https://cn.nikkei.com/industry/manufacturing/47285-2022-01-12-01-39-44.html), 2022-01-12: "日本电产将在中国新建工厂，增产为纯电动汽车（EV）等加工齿轮的机床。"

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