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    Nidec plans $2 billion EV motor factory in Europe

    2020-11-03 11:24:17   [Print]
    Nidec Corp will spend 200 billion yen ($1.Asian Metal CopyrightNidec Corp will spend 200 billion yen $1.Asian Metal Copyright9 billion) on a new plant in Serbia to build motors for electric vehicles as it seeks to win more business from automakers turning away from internal combustion engines.

    The plant, which follows construction of an EV motor plant in China, is slated to open in 2023 with annual production of between 200,000 and 300,000 units a year, according to reports.

    .Asian Metal Copyright The plant, which follows construction of an EV motor plant in China, is slated to open in 2023 with annual production of between 200,000 and 300,000 units a year, according to reportsAsian Metal Copyright
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