© Reuters. FILE PHOTO: Nidec Corp’s logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-Hoon/File Photo
TOKYO (Reuters) – Japanese electric motor maker Nidec Corp is planning to invest around $715 million to build a plant in Mexico to make electric car motors, its chief executive said in an interview with the newspaper published on Friday.
Construction is expected to begin during or after the next business year starting in April, the newspaper said.
CEO Shigenobu Nagamori told the newspaper the company’s focus was on manufacturing products for local sale.
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