The Nikkei reports that Japan-based motor maker Nidec is planning to invest an estimated ¥100 billion (US$715 million) to build an e-axle plant in Mexico. The company is currently producing e-axles in China and Europe but will start making them in North America as well ahead of an expected surge.
Renault SA and China s Geely said on Tuesday they have agreed to launch a new, equally held joint venture that will supply gasoline engines and hybrid technology to the brands they own as well as to