Japan’s Nidec invests billions intending to dominate electric drive market

Posted on by clevaweb

CLEVA is in preliminary talks with NIDEC to secure the supply of new mini-motors for the CLEVA E-Trike.

“The Japanese supplier Nidec has announced that it will invest up to ten billion US dollars in the automotive electric motor business over the next five years. According to the CEO, the company intends to ‘dominate the market for electric vehicle engines.'” – see the full report at electrive.com

 

 

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