The Japanese manufacturer of electric motors Nidec Corp plans to invest some 715 million dollars in the construction of a plant in Mexico to manufacture motors for electric cars, its general director declared in an interview with the Nikkei newspaper published this Friday.

Consult here: Supplier companies for electric cars begin to demand space in the north of the country

Construction is expected to start during or after the next business year beginning in April, the newspaper said. CEO Shigenobu Nagamori said of the investment that the company's goal was to make products in one region in order to sell them there.

Nidec manufactures a traction motor for electric vehicles, known as "e-axle", which consists of the integration of a motor, accelerator and inverter system equivalent to the motor of gasoline cars.

Of interest: Industrial construction in Mexico grew by 60% in the last year

The Kyoto-based company already produces "e-axle" in China and Europe. Nidec previously predicted it would produce 1.2 million e-axle units in fiscal 2023, more than double its forecast for this business year, in response to increased demand, mainly in China.

It plans to increase the production capacity of "e-axle" to 7 million annually worldwide by March 2026.

In Solili you can consult industrial warehouses available in  San Luis Potosí and Guanajuato

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