BEIJING/OSAKA -- Nidec will spend 30 billion yen ($274 million) to build a factory in China that will produce motors for electrified vehicles, hoping to gain a foothold in the world's largest green car market.
The plant will produce traction motors for electric, plug-in hybrid and fuel cell vehicles, with mass production starting in May next year. When fully operational, it will make enough motors to supply about 700,000 electrified vehicles.
