# 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.

- Type: New facility
- Announced: 2022-11-18
- Where: Mexico, Mexico
- Value: $715.0M
- Status: announced
- Products: electric car motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/japanese-electric-motor-maker-nidec-invest-715-mln-new-mexican-plant-2022-11-18/), 2022-11-18: "Japanese electric motor maker Nidec Corp is planning to invest about $715 million to build a plant in Mexico to make electric car motors."
- [autonews.com](https://www.autonews.com/suppliers/nidec-build-715-million-mexican-plant/), 2022-11-18: "Nidec to build $715 million Mexican plant"

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