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Nidec Sees 'Ocean of Red' in China's Competitive EV Market

(Bloomberg) -- Tesla Inc. supplier and motors maker Nidec Corp. slashed its full-year operating income guidance by almost 20% on what its chairman said was “an ocean of red” in China’s electric-vehicle market. Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028China Weighs Stock Market Rescue Package Backed by $278 BillionRussia Says Military Plane With 65 Ukrainian POWs CrashedAckman Boosts Israel Support With 5% Stake in Te...
Edwin Chan Jun Seki Bloomberg Businessweek Shigenobu Nagamori Nidec Corp Apple Inc
Source: yahoo.com

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