NIDEC CORP. TO SPEND 1.9 BILLION DOLLARS FOR BUILDING ELECTRONIC VEHICLE MOTOR FACTORY IN EUROPE

Highlights:

• The Nidec Corp., which is based in Japan is going to 1.9 billion dollars on a new plant in Serbia
• The company Nidec Corp. is going to build motors for the electric vehicles as the company is seeking more business from the automakers
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