Japanese Electric Motor Manufacturer Nidec Will Invest 715 Million

The construction of the plant is expected to begin during or after the next fiscal year, starting in April, as reported by the newspaper. CEO Shigenobu Nagamori explained that the company's objective is to produce their products in a region and sell them there. 

Nidec is renowned for its electric vehicle traction motor, also known as the "e-axle," which integrates the motor system, speed reducer, and inverter into a compact unit, similar to gasoline-powered car engines. The Kyoto-based company already manufactures "e-axle" units in China and Europe. Previously, Nidec forecasted the production of 1.2 million "e-axle" units by 2023, more than double the initial plan for this fiscal year, due to increasing demand, primarily in China. 

The company aims to expand its "e-axle" production capacity to 7 million units annually worldwide by March 2026. 

Read the full article (in Spanish).