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Nidec to start Chinese production to ride electric car boom

Japanese motor maker will invest $274m for new plant

Nidec's traction motor system, or "e-axle," is one of the parts it is making for electric vehicles. (Photo by Motonobu Kawai).

BEIJING/OSAKA -- Nidec will spend 30 billion yen ($274 million) to build a factory in China that will produce motors for electrified vehicles, hoping to gain a foothold in the world's largest green car market.

The plant will produce traction motors for electric, plug-in hybrid and fuel cell vehicles, with mass production starting in May next year. When fully operational, it will make enough motors to supply about 700,000 electrified vehicles.

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