Real Estate, Financials, Automotive May 24, 2022 03:09 PM (GMT+8) · EqualOcean
On the 24th, Nippon power said on Monday that it would build a flagship electric vehicle motor factory in Pinghu City, Zhejiang Province, China, which will start construction in October this year and put into operation in the autumn of 2023. It is understood that the proposed new plant will become Japan's fifth drive motor business plant and the fourth e-axis assembly plant in China. In addition to the production and assembly business of e-axis, the plant will also operate as a pure electric vehicle special integrated chemical plant integrating the parts business of Nippon power group. The annual production capacity of the production line at full load is expected to reach 1 million units.