Nidec downsizes efforts in China to improve profits generated from fierce EV market

Chiang, Jen-Chieh, Taipei; Peng Chen, DIGITIMES Asia Friday 26 April 2024 0

Credit: AFP

Japan-based electric motor manufacturer Nidec is reducing its products for the Chinese EV sector and planning to increase its sales of electric motors for industrial machinery in the US. Both measures aim to improve Nidec's profit. Its net income will...

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