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.
