QINGDAO, China -- Japanese manufacturer Nidec opened a new Chinese factory Wednesday for motors used in home appliances, a sector that China is targeting with subsidies in a bid to energize consumer spending.
Electronics
Nidec hopes to catch China stimulus tailwind with appliance motor plant
Japan manufacturer builds new factory to tap into Chinese domestic demand
Nidec’s new factory in Qingdao has come online to produce motors used in home appliances. (Photo by Eisaku Nitta)
Read Next
Latest on Electronics
