The Japanese electric motor manufacturer Nidec is planning to invest about 274 million dollars into a manufacturing facility in China. The new factory in Pinghu near Shanghai is supposed to begin serial production of traction motors for electrified vehicles in 2019.
The Nidec factory is planned to produce motors for around 700,000 electric vehicles per year. Furthermore, the company is planning to intensify local sourcing for components.
In December PSA and Nidec announced the founding of a 220 million euro joint venture for traction motors to be used in electric and hybrid vehicles. The joint venture will have its seat near Paris and develop, produce and sell motors for the PSA brands Peugeot, Citroën, DS, Opel and Vauxhall.
Nidec also announced the successful development of a new electric axle containing the motor, transmission and converter. According to the manufacturer, the e-axle can be used for a variety of vehicles, from compacts to SUV platforms. It would even work with four-wheel drive vehicles. Production is set to start in China in 2019.
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