Industrial motors giant Nidec is planning to build a $500 million facility in China, according to a report on Nikkei.
The factory will specialize in manufacturing motors for electric vehicles, a growing market in China and the rest of the world.
The proposed location is said to be the Jinpu New Area in the port city of Dalian, north-east China, about 500 km east of Beijing.
[Read more…] about Nidec to build $500 million facility in China to make motors for electric vehicles
