Nidec Corporation announced plans to build a flagship factory to produce its traction motor system, E-Axle, in the city of Pinghu, Zhejiang Province in China.
A signing ceremony was held on May 17, 2022, with the city’s government.
Nidec says as it aims to achieve its 2030 sales target of 10 trillion yen, its automotive business, the E-Axle traction motor business, in particular, will play a pivotal role in the effort.
Construction will commence during October 2022, with production planned to start in October 2023, Nidec says.
The new factory will be the fifth traction motor-related production site, and the fourth E-Axle assembly plant, in China. Based on the concept as Nidec’s “flagship factory” for its E-Axle business, not only will the facility assemble and produce E-Axle units, but it will also operate as an EV-dedicated plant that consolidates the Nidec Group’s component businesses, with a maximum annual production capacity of one million units, the company says.
At full capacity, the factory will employ approximately 2,500 people.
