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  • Notice of Establishing a Joint Venture with FREYR Battery, a Semi-Solid Lithium-Ion Battery Manufacturer

    Nidec Corporation (“Nidec” or the “Company”) (TSE: 6594; OTC US: NJDCY) announced today that the Company has completed the establishment procedures for the joint venture agreement with FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, as previously disclosed on August 30, 2022.

    1. Overview of the joint venture to be established
    (1) Company n

  • Announcement of Grand Opening Ceremony for Bulgaria Development Center

    NIDEC ELESYS CORPORATION (hereafter, "NIDEC ELESYS") will open a R&D center in Sofia, Republic of Bulgaria (hereafter, "Bulgaria"). The opening ceremony was held with the presence of President Rumen Radev.
    <Scene of the opening ceremony>

    1. About Our R&D center
     In response to the growing demand for our in-vehicle inverters and ECUs due to the tightening of environmental

  • Nidec to Execute a Share Transfer Agreement on Italian Machine Tool Manufacturer PAMA and Its Affiliates

    Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that, the Company passed a resolution on, among others, purchasing the shares of Italian machine tool manufacturer PAMA and its nine affiliates (collectively “PAMA”) (the “Stock Acquisition”) on November 28, 2022 (Japan time). The Company executed a transfer agreement on the Stock Acquisition, etc. on November

  • NIDEC ASI Wins a Contract for the Accumulation of Over 5.4 GWH of Clean Energy Through Implementation of 18 Storage Systems – Making the Italian Peninsula Even Greener

    This new Nidec ASI project is created thanks to sustainable technologies developed entirely in Italy The initiative is a concrete response to REPowerEU, the European Commission’s plan to make Europe independent from fossil fuels well before 2030.
    Milan, October 20, 2022 – Nidec ASI, part of the Energy & Infrastructure Division of the Nidec Group, a group committed to relaunching the econ

  • Nidec Machine Tool to Unveil a New Nozzle with the Largest Gas Shielding Region in the World at formnext2022 in Frankfurt, Germany from November 15th to 18th

    Additionally, visitors can see original “LAMDA Series” 3D Metal Printers Exhibits:
    among them a sample of a rocket engine nozzle (500mm in diameter, 1mm thick) in exceptional quality
    Engineering experts will be present to explain details about the improved product lineup,
    such as the new DED-type 5-axis metal 3Ⅾ printer, “LAMDA500”


    Nidec Machine Tool Corporation (“Nidec Machine

  • Nidec’s HPD Motor Adopted for Use in ReFa’s New Hair Dryer

    Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (“Nidec” or the “Company”) announced today that its HPD motor has been adopted as a wind-blowing component in ReFa BEAUTECH DRYER SMART, the latest hair dryer that MTG Co., Ltd. (“MTG”) has launched under its cosmetic brand, ReFa, on November 1, 2022.




    ReFa BEAUTECH DRYER SMART





    Nidec’s HPD motor


    Relea

  • Nidec Control Techniques Expands Into Mexico

    THE BEGINNING OF A NEW ERA OF DRIVES PRODUCTION

    Control Techniques and Nidec entered the next exciting phase of its expansion plans for global manufacturing on Wednesday 12th October when they opened a brand-new manufacturing facility in Monterrey, Mexico.
    This bold development signifies the beginning of a new era of drives production and allows them to support their strategic objectives

  • Nidec Announces Financial Results for Fiscal Second Quarter and Six Months Ended September 30, 2022

    Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the period of April 1, 2022 through September 30, 2022.
    The highlights are as follows:
    ・First half net sales stood at a record high of ¥1,130.8 billion, 24.2% higher Y/Y.
    ・First half operating profit increased 8.1% Y/Y to ¥96.4

  • Nidec Launches Mass Production of Its Second-generation EV Traction Motor System

    Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (“Nidec” or the “Company”) announced today that is has started the mass production of the second-generation model (“Gen.2”) of its EV traction motor system, E-Axle.




    In April 2019, Nidec became the first tier-1 company in the world to launch the mass-production of E-Axle, the

  • Nidec Machine Tool to Launch Its Latest Linear Position Detector Series, MPLS, a High-resolution, Slim and Simple-structured Product Optimum for Compact Machines

    A new design that eliminates the need for scale wiring and A/D converters A new detection pattern to detect all strokes’ absolute values, widening the range of applications Enhanced installation compatibility to cover other companies’ products, ensuring simple installation and better performance

    Nidec Machine Tool Corporation (“Nidec Machine Tool” or the “Company”) announced today that it

  • Nidec Comments on Toyo Keizai Online’s Article Published on October 24, 2022

    Nidec Corporation (TSE: 6594) (OTC US: NJDCY) (“Nidec” or the “Company”) noted today that Toyo Keizai Online published an article on October 24, 2022 which, following its October 7, 2022 article, expresses doubts that Nidec is conducting inappropriate processing in the acquisition of treasury stock.
    After receiving a letter of inquiry from Toyo Keizai Inc. regarding the matter in question on Oc

  • Control Techniques is a winner of the POWYS BUSINESS AWARD 2022!

    Control Techniques have triumphed again. This time coming out on top at the Powys Business awards 2022. Control Techniques has its headquarters in Powys, Wales, and winning this local award is a testament to our commitment to operating a global manufacturing business in the heart of rural Wales.
    About the POWYS BUSINESS AWARDS
    The Powys Business Awards are designed to showcase the extent o

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