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Nidec to expand electric-car motor production outside China - Nikkei

Auto News - Published on Thu, 27 Dec 2018

Image Source: Nikkei Asian Review
Nidec Corp will add locations outside China to build motors for electric vehicles as the Japanese motor maker rethinks its supply strategy. Nikkei business daily reported that due to the US-China trade tensions, Nidec has started shipping a number of its home electronics and auto parts from Mexico instead of China, the company’s President and Chief Operating Officer Hiroyuki Yoshimoto told Nikkei.

The Kyoto-based manufacturer said it now plans to expand its production of traction motor system to Poland and Mexico, on top of its under-construction Chinese factory.

Nidec said it will target 100 billion yen in sales of these motors in fiscal 2022 and plans to double it to 200 billion yen by fiscal 2025.

Source :

Posted By : Joykumar Irom on Thu, 27 Dec 2018
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