rs of Le Mans circuit. It is the brand’s first fully electric GTi badge. The car was developed by Peugeot Sport in Satory and styled in collaboration with Peugeot’s design team in Vélizy, France. The vehicle has powerful M4+ electric motor is built in Trémery, France, through the Stellantis–Nidec Emotors joint venture. The model delivers top performance in the electric hot hatch segment, with output of 280 hp and 345 Nm of torque. It acce...

News  Updated at: 2025/06/16

Nidec establishes new plant in Karnataka, India Nidec Corporation (Nidec) announced that Nidec Industrial Automation India Private Limited, a subsidiary under the Motion & Energy business division, has opened a new plant in Hubli-Dharwad, Karnataka. The new plant will have a total area of 200,000 square meters (currently approximately 121,000 square meters has been acquired, and 77,000 square meters is in the process of acquisition), with a plant...

News  Updated at: 2025/06/16

Nidec India helds groundbreaking ceremony of third manufacturing building in Neemrana On May 5, Nidec India Private Limited, a subsidiary of Nidec Corporation, held a groundbreaking ceremony for the construction of a third building at its existing manufacturing facility in Neemrana, Rajasthan. Located approximately 120 km southwest of New Delhi, the new building will cover a total floor area of 27,767 square meters and is scheduled for completion...

News  Updated at: 2025/05/20

Nidec withdraws TOB for Makino Milling Nidec Corporation (Nidec) announced on May 8 that it would withdraw the tender offer bid (TOB) for Makino Milling Machine Co., Ltd. (Makino Milling). The withdrawal comes with about two weeks remaining in the purchase period. With Makino Milling taking countermeasures, Nidec has determined that there is no economic rationale for continuing the TOB. Nidec said that it would start returning the tendered share ...

News  Updated at: 2025/05/13

Tokyo District Court rejects Nidec’s request for provisional injunction to halt countermeasures against TOB Nidec Corporation (Nidec) announced on May 7 that its petition for a provisional injunction to restrain a countermeasure against its tender offer bid (TOB) for Makino Milling Machine Co., Ltd. (Makino Milling) was rejected by the Tokyo District Court on the same day. Regarding Nidec’s nonconsensual takeover bid for Makino Milling, Makin...

News  Updated at: 2025/05/09

Nidec plans to reduce fixed costs to increase operating profit by 50% Nidec Corporation (Nidec), which has enjoyed rapid growth through its aggressive merger and acquisition strategy, will shift its business strategy. While the company’s sales target for the fiscal year that ends in March 2028 (FY 2027) is only a 10% increase from FY 2024 to JPY 2.9 trillion, the company plans to accelerate reorganization of its businesses and integration of it...

News  Updated at: 2025/05/01

Automotive companies to announce FY2024 financial results starting tomorrow Automotive companies are starting to announce their financial results for the fiscal year ended March 31, 2025. Announcements from Hino Motors, Ltd., Toyota Group medium-sized parts suppliers, and Nidec Corporation are scheduled on April 24, and announcements from Toyota Group major parts suppliers such as Denso Corporation and Aisin Corporation are scheduled on April 25....

News  Updated at: 2025/04/23

Successive moves to place TOBs on Japanese automotive parts suppliers There has been a flurry of takeover bids (TOBs) for Japanese auto parts manufacturers. Two contrasting TOB cases related to the parts industry are underway. One is between Nidec Corporation (Nidec) and Makino Milling Machine Co., Ltd. (Makino Milling), and the other is between MinebeaMitsumi Inc. (MinebeaMitsumi) and Shibaura Electronics Co., Ltd. (Shibaura Electronics). Nidec ...

News  Updated at: 2025/04/18

Nidec launches takeover bid for Makino Milling Machine without agreement On April 4, Nidec Corporation (Nidec) launched a takeover bid (TOB) to acquire the shares of Makino Milling Machine Co., Ltd. (Makino Milling Machine). Nidec has not received approval from Makino Milling Machine. Nidec’s First Senior Vice President Takamitsu Araki stated at a press briefing held in Tokyo on the same day, “We have requested a meeting many times, but we ca...

News  Updated at: 2025/04/07

Nidec to take over inverter business of Nidec Mobility Nidec Corporation (Nidec) announced that it will take over the inverter business of Nidec Mobility Corporation (Nidec Mobility), a wholly owned subsidiary of Nidec. Nidec will take over the inverter business through an absorption-type split. The aim is to efficiently use of its management resources, further strengthen its automotive business, and accelerate organic growth. The absorption-type...

News  Updated at: 2025/03/12

together policymakers, industry leaders, and investors. The event saw a total of 15 Japanese firms sign memorandums of understanding (MoUs) and pledge INR 75 billion to the Karnataka government. Toyota Kirloskar Motor Private Limited emerged as the largest investor, committing INR 37.48 billion. NIDEC Industrial Automation India Private Limited pledged INR 6 billion, while Toyota Kirloskar Auto Parts Pvt Ltd and Toyotetsu India Auto Parts Pvt ...

News  Updated at: 2025/02/13

Nidec and Noveon Magnetics enter agreement for rare earth magnets On February 3, Nidec Motor Corp. and Noveon Magnetics announced a 5-year, binding off-take agreement with the potential to supply more than 1,000 tons of total off-take of finished sintered NdFeB rare earth magnets, supporting Nidec's operations across critical industries including automation, industrial, and defense applications with deliveries beginning in 2025. "As a leading glo...

News  Updated at: 2025/02/04

Nidec inaugurates USD 23 million expansion in Mexico On January 20, Nidec inaugurated its expanded facility in Reynosa, Mexico, following a USD 23 million investment announced in July 2024. The plant is now ready to begin operations, marking a significant milestone in Nidec's 20 years of successful presence in Reynosa.  The project is expected to generate 384 new jobs, enhancing the company's industrial leadership in the region.  This expansion...

News  Updated at: 2025/01/24

Nidec subsidiary develops electric clutch ECU for two-wheeler Nidec Corporation (Nidec) announced that its subsidiary Nidec Mobility Corporation (Nidec Mobility) has developed the electric clutch ECU for two-wheel vehicles, which enables the rider to shift gears without using the clutch lever. The newly developed electric clutch ECU automatically controls the manual transmission (MT) clutch of two-wheel vehicles, and the rider can shift between t...

News  Updated at: 2024/11/22

Renesas and Nidec develop 8-in-1 PoC for e-Axles Renesas Electronics Corporation (Renesas Electronics) announced that it has jointly developed with Nidec Corporation (Nidec) the world’s first 8-in-1 proof of concept (PoC) for e-Axle systems for electric vehicles (EVs), which controls eight functions using a single microcontroller (MCU). Together with the motor and gear from Nidec, the eight functions controlled in this PoC include the inverter ...

News  Updated at: 2024/11/19

Nidec to merge two group companies to strengthen ECU-related business Nidec Corporation (Nidec) will integrate its two group companies, Nidec Elesys Corporation (Nidec Elesys, Kawasaki City, Kanagawa Prefecture) and Nidec Mobility Corporation (Nidec Mobility, Komaki City, Aichi Prefecture), to strengthen its electronic control unit-related (ECU) business. Nidec Elesys manufactures automotive electrical parts such as inverters, and Nidec Mobility...

News  Updated at: 2024/10/25

m platform in Sochaux plant. It shares the same three engine options as the E-3008. Peugeot E-408: features the multi-energy E-EMP2 platform. It is powered by a permanent magnet synchronous electric motor that produces 210 hp and 345 Nm of torque, manufactured in Trémery, France, by the STELLANTIS-NIDEC joint venture. Based on Peugeot press release...

News  Updated at: 2024/10/14

Ashok Leyland, India partners with Nidec for developing E-drive Motors for CVs On October 3, Ashok Leyland signed a multipronged partnership agreement with Japan-based global electric motor drive manufacturer Nidec Motor Corporation (Nidec), a 100 %-owned subsidiary of Nidec Corporation. The companies will work together to establish a Centre of Excellence (CoE) for Electric Drive Units (EDUs). This CoE will focus on developing motor technologies ...

News  Updated at: 2024/10/03

Nidec’s CO2 reduction targets certified by international climate change initiative SBTi Nidec Corporation announced that the Science Based Targets initiative (SBTi), an international climate change initiative, acknowledged the company’s CO2 reduction targets by FY 2023, set in March 2024, as science-based targets that meet the Paris Agreement's target. The company aims to reduce CO2 emissions in its business operation (scope 1) and indirect o...

News  Updated at: 2024/09/17

Nidec to invest USD 23 million to expand operations in Mexico On July 29, it was announced that Nidec, Japan's leading Tier 1 alternator manufacturer, will invest USD 23 million to expand the operations of its plant in Reynosa, Tamaulipas, Mexico. The project is possible thanks to the collaboration between the Government of Tamaulipas and the industrial sector, which will strengthen the productive capacities of NIDEC, creating 384 new jobs in the...

News  Updated at: 2024/08/02