Nidec Machine Tool

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.

Nidec Machine Tool Corporation launched the MVR-Cx series of double-column machining centers, its first new product since becoming a Nidec subsidiary. The machine was previewed at a new showroom in Ritto City, Japan, starting October 12, 2021.

Nidec Corporation plans to invest 700 to 800 billion yen in its subsidiaries Nidec Symposium and Nidec Machine Tool by the fiscal year ending March 2026, including acquisitions and new factories, to expand its machine tool business.