Price war in Chinese car market impacts Nidec's earnings forecasts

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

Credit: DIGITIMES

The fierce price cuts persisting in China and other EV markets have burdened automotive suppliers. Japan-based Nidec, an electric motor drive technology provider, just scaled down its earnings forecasts for the fiscal year 2023, which ends on March...

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