I accidentally found a new source that partially discusses this machine of Leibniz. This source is available on this link , and includes several original drawings from Leibniz's Nachlass.
First of all, Leibniz termed it "Constructor, Instrumentum Algebraicum" in a 9 pages manuscrupt, and later wrote another manuscript (with 12 pages) with further elaborations of this idea. From an historical perspective, his machine belongs to the analog computing tradition (it is called a "Leibnizian analog computer" in the link I gave).
Here is a quote from this site:
The further development of the slide rule is the analog calculator. It became widespread in the 19th century and initially appeared in mechanical form and special types such as the planimeter, integraph, tide calculator or differential analyzer. After the Second World War, flexible electrical models were developed that were in use until the 1970s. They initially contained electron tubes and later transistors, and they could be programmed by plugging in cables and setting rotary switches. Three hundred years earlier, Leibniz had already described the concept of a specialised mechanical analogue calculator - probably the first in the history of mathematics - in two manuscripts dated December 1674, i.e. during his time in Paris.
Regarding the mechanical components of this machine, the following quote gives some ideas:
The Leibniz Constructor consists of rods, strings, pulleys and joints and is designed to find solutions to an algebraic equation. For example, it is designed to determine $x$ from $ax + bx^2 + cx^3 = d$. To do this, you first set the values for a, b and c on the device and an arbitrary starting value $x_1$ for $x$. These settings change the rods and mean that you can read off a line of length $ax_1 + bx_1^2 + cx_1^3$ on the Constructor. This is probably not yet equal to d. By further moving and twisting the rods, the variable size $x$ can be changed so that $ax + bx^2 + cx^3$ becomes equal to $d$ within the accuracy limit, which would achieve the goal.
Later, Johann Andreas von Segner (1704-1777) invented a similar machine independently of Leibniz (whose work he could not know), and several years later the Englishman John Rowning presented another working model with further improvements. Rowning's model (1770) is the one presented in one of the links in Mauro ALLEGRANZA's answer.