Nidec to build flagship E-Axle factory in Pinghu, China

Nidec announced plans to build a new flagship factory in Pinghu, Zhejiang Province, China, for E-Axle traction motor systems with an annual capacity of 1 million units. Construction starts in October 2022, production in October 2023, and full-scale production in FY2024.

“Nidec, a major Japanese electric motor manufacturer, announced a decision to build a new flagship factory for EV traction motor system in the city of Pinghu, Zhejiang Province in China.”insideevs.com

• 1 source
• insideevs.comChina: Nidec Will Build A Huge Factory For 1 Million E-Axles AnnuallyMark KaneMay 28, 2022

Summarized from public sources; check the original articles before acting on it.