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Nidec faces market pressure as founder rips 'unfair' China EV war

TOKYO -- Cutthroat competition in China's electric vehicle sector has cast a shadow over the earnings of suppliers like Japanese motor maker Nidec, which is…

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TOKYO -- Cutthroat competition in China's electric vehicle sector has cast a shadow over the earnings of suppliers like Japanese motor maker Nidec, wh

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Nidec Announces Financial Results for Fiscal Year Ended March 31, 2024

Nidec Announces Financial Results for Fiscal Year Ended March 31, 2024
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Nidec, KPS Said to Vie for Siemens's €3 Billion Innomotics Unit

(Bloomberg) -- Japan’s Nidec Corp. and private equity firm KPS Capital Partners are competing to acquire Siemens AG’s Innomotics large motors business, which could fetch about €3 billion ($3.3 billion) in a sale, according to people familiar with the matter.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Stalls in Countdown to Inflation Data: Markets WrapTech CEOs Are Addicted to Taking Needless RisksChina Has Never Canceled This Many Shipments o

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Hello everyone, this is Akito in Singapore with this week's #techAsia.Japanese automakers, which have seriously lagged behind the global competition i

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Japan's Nidec picks chief of automotive motor unit as new CEO, ET Auto

Nidec: With the appointment, the Kyoto-based maker of automotive components and precision motors seeks to bring to an end a long-running succession struggle as it faces heavy price competition in China's electric vehicle market.

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Nidec Announces New President, Changes in Representative Directors and Others

KYOTO, Japan--(BUSINESS WIRE)--Feb 14, 2024--

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Japan's Nidec picks chief of automotive motor unit as new CEO

Japanese parts maker Nidec
selected on Wednesday an automotive motor unit
executive as its new president and CEO, putting him in line to
eventually take over as chairman from the firm's...

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Foreign auto makers exiting China are making a smart move

Strategic reductions by many companies are a sign of pragmatism and an acknowledgement that the world’s largest car market isn’t necessarily a profitable one. Pricing power, government subsidies, and the speedy adoption of new-energy vehicles like battery and hybrid-powered models by Chinese automakers made foreign brands increasingly redundant

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Nidec Announces Financial Results for Fiscal Third Quarter and Nine Months Ended December 31, 2023

Nidec Corporation today announced its consolidated financial results under the International Financial Reporting Standards for the period of April 1, 2023 through December 31, 2023.

The...

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