TOKYO — Nidec will expand a Chinese site still under construction in order to double capacity for electric vehicle motors, Nikkei has learned, as the maker of precision motors found in computer hard drives chases a growth field fueled by Beijing’s stronger environmental regulations.
The Japanese motor maker will invest 20 billion yen to 30 billion yen ($180 million to $270 million) to build a second manufacturing facility adjoining a Zhejiang Province factory now under construction.
The second plant will roughly match the first factory’s planned annual capacity of motors for 600,000 to 700,000 autos. These motors propel electric vehicles as engines do for gasoline-powered cars. The first factory is set to enter full operation in May, with the second opening in 2020.
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