KYOTO, Japan -- Japanese motor maker Nidec will begin mass production of gear machines in China for the local market, investing 5 billion yen ($37.5 million) as part of a shift from its usual made-to-order business model.
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Nidec to mass-produce gear machines in China for local market
Japanese motor maker switches from custom-built business model to lower prices
The first stage of Nidec's new Pinghu factory in Zhejiang province is expected to be completed in June 2024. (Image courtesy of the company)
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