KYOTO -- Japanese motor maker Nidec is planning to invest an estimated 100 billion yen ($715 million) in the construction of a plant in Mexico that would produce electric axles, the powertrains of electrical vehicles.
Automobiles
Japan's Nidec to build $715m plant in Mexico to tap EV demand
Motor maker to add North America as e-axle production base
Shigenobu Nagamori, Nidec's chairman and CEO, says he is building capacity ahead of demand because "it would be too late to invest in new production after orders are placed." (Nikkei montage/Keiichiro Asahara/Tomoki Mera)
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