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Nidec to add plant in China's Dalian for electric-car motors

Japanese manufacturer plans $500m investment to build up new growth engine

Nidec views China as a market ripe for its electric vehicle motors. (Photo by Shuntaro Fukutomi)

BEIJING -- Nidec, Japan's leading electric motor manufacturer, plans to invest $500 million in a new electric-vehicle motor factory in China, doubling down on a field with high hopes for growth, Nikkei has learned.

The production center will be built in Jinpu New Area, a hub for foreign-owned corporations, in the port city of Dalian in Liaoning Province. Nidec executives and senior provincial officials signed a memorandum of understanding this month at the company's headquarters in Kyoto. Nidec already operates a plant in Dalian that makes components such as fans and motors for computer peripherals.

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