Nidec to build $715 million electric car motor plant in Mexico

Japanese electric motor maker Nidec Corp plans to invest about $715 million to build a plant in Mexico to manufacture electric car motors. Construction is expected to begin during or after the next business year starting in April 2023.

“Japanese electric motor maker Nidec Corp is planning to invest about $715 million to build a plant in Mexico to make electric car motors.”reuters.com

• 2 sources
• reuters.comJapanese electric motor maker Nidec to build $715 mln Mexican plant | ReutersNov 18, 2022
• autonews.comNidec to build $715 million Mexican plant - Automotive NewsReutersNov 18, 2022

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