As announced on December 4, 2017, Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec”) and Groupe PSA have completed the establishment of the joint venture that develops, manufactures and sells automotive electric traction motors. The profile of the joint venture is as follows.
The Nidec Group, presents the innovative Ultra Fast Charger (UFC), an advanced system for charging electric vehicles that hooks up to the national grid through charging towers. This solution will help pave the way for the spread of electric vehicles, a market which in many countries is still struggling to get off the ground, but which has huge opportunities for growth in the near future.
Following the announcement on April 24 that Nidec has agreed to acquire Whirlpool Corporation's compressor business, Nidec founder and CEO Shigenobu Nagamori addressed the media and investors at a press conference held in Tokyo and shared his view on the trend of outsourcing in the household appliance manufacturing industry.
April 25 marked the beginning of Auto China 2018, held in Beijing under the slogan “Steering To A New Era.” During the first two press-exclusive days, Dr. Kazuya Hayafune, the deputy executive general manager and chief engineer of Nidec's Automotive business unit, was present to answer questions from the press about Nidec’s newly announced fully integrated traction motor system.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire the compressor business (“Embraco”) of Whirlpool Corporation (“Whirlpool”) (the “Transaction”). For this purpose, Nidec entered into a stock purchase agreement on April 24, 2018 (Japan time).
Today, Nidec, a Kyoto-based leading global manufacturer of electric motors, announced the successful development of a new fully integrated automotive traction motor system (e-axle) comprising an electric motor, reduction gear box and inverter. This new system is the latest and most advanced iteration of the company's e-axle developed to respond to the growing demand for automobile electrification.
Nidec Corporation today announced that one of its Italian subsidiaries has signed a contract worth 8 million euros to design and construct a system for the port of Genoa that will enable docked vessels to plug in to the national grid and access all the energy they need to be fully operative without having to switch on their on-board engines, reducing ship emissions and noise pollution.
Kyoto, Japan: Today, Nidec Corporation announced that its automotive division will exhibit at Auto China 2018 to be held in Beijing, China in April - May this year. Nidec's electric motors are already used in tens of millions of automobiles across the world and Auto China 2018 provides an excellent opportunity for the company to showcase its latest technologies.
After a year of construction, the first section of the new Nidec Center for Industrial Science in Seika-cho, Kyoto prefecture has been completed. The new facility will bring together companies, research institutions and universities from all around the world and serve as a global hub for research and development of technology aimed at making manufacturing more efficient.
On February 15, 2018 Nidec held a press conference about the appointment of a new President and Chief Operating Officer. The following is a summary of the statements made by the executives speaking at the press conference.
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced the appointment of new president effective June 20, 2018 upon shareholder approval at the Regular General Meeting of Shareholders and a subsequent meeting of the Board of Directors to be held on the same day.
Nidec, as the world’s largest comprehensive manufacturer of motors, showed a full display of technologies for a diverse field of applications at CES 2018. Motors are needed for every single technology that moves, meaning that Nidec felt perfectly at home during what was their third appearance at CES.
