# NIDE starts construction of electric motor manufacturing plant in Lingfeng

NIDE Group officially started construction of a new plant in Lingfeng modern industrial park, China, with a total investment of CNY 130 million. The plant will produce automated, intelligent production equipment for new energy vehicle drive motors, and is planned to be completed by the end of 2023.

- Type: New facility
- Announced: 2022-03-02
- Where: Lingfeng modern industrial park, China
- Value: $20.5M (130.0M CNY)
- Starts operating: 2023
- Status: under construction
- Capacity: about three times of the existing production capacity
- Products: automated production equipment for new energy vehicle drive motors
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [NIDE Group](https://endata.com/companies/61481.md)

## Sources

- [nidegroup.com](https://www.nidegroup.com/en/news/nide-plant-project-officially-started/), 2022-03-08: "March 2nd, 2022, the NIDE plant project located in the core area of Lingfeng modern industrial park was officially started."

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