Japan's Nidec to build $1.9 bn EV motor plant in Europe: Report
Japan's electric motors-maker Nidec will spend $1.9 billion on a new plant in Serbia to build EV motors, the Nikkei reported. The plant will reach annual output between 2-3 lakh units by 2023. In 2022, Nidec will start producing EV drive motors in France and Poland, but the Serbian facility will become one of its largest production hubs in Europe.