Nidec Corporation

Company Profile



338 Kuzetonoshiro-cho, Minami-ku, Kyoto 601-8205, Japan

Business Overview

-The Company has the leading share in the global brushless motor market, and the largest market share of automotive power steering motors, according to the Company's publications.

-The production groups consist of the following product areas: Small precision motors; Automotive, appliance, commercial and industrial products; Machinery; and Electronic and optical components.

Business Highlights

-In the fiscal year ending March 2021, the Company is targeting sales of JPY 2 trillion, with automotive products accounting for JPY 700.0 billion-1 trillion yen. Making products globalized, electrified, and modularized, the Company is aiming to a gain 50% of the world market share for electric power steering (EPS) motors.

-Currently, the Company doesn’t deliver any drive motors or E-Axles in Japan. However, with the business in China growing, the following is the full line-up of E-Axles:
   Peak output 150 kW: Diesel-engines for mass-marketed passenger cars built by Guangzhou Automobile Group Co., Ltd.
   Peak output 100 kW: B/C passenger cars that started to be built in 2020
   Peak output 70 kW: A/B passengers cars planned to be built in 2021
   Peak output 50 kW: Compact/A passenger cars planned to be built in 2022
   Peak output 200 kW: Diesel-engine passengers cars planned to be built in 2023
-The Company is winning business through delivering low-cost products never seen before based on standardizing products and raising the percentage of in-house production. According to the company, it predicts it will receive orders for more than 10 million units between October and December 2019. Based on this, the Company is enhancing its production operations in three places worldwide by investing JPY 200 billion, planning to achieve an annual production capacity of 10 million units. The company plans to increase its total sales volume to JPY 5 trillion by 2025 (three times the current amount). However, it needs to make large investments in order to keep up with making E-Axles one of its core products.


Recent developments in EV traction motors

150kw E-Axle Equipped on a Geely EV
-Nidec Corporation (Nidec) announced that it has supplied its Ni150Ex, a 150kW model of E-Axle, for the Geely Automobile Geometry C. Ni150Ex that drives the Geometry C is based on the company's first mass-produced E-Axle traction motor system that entered production in April, 2019. By leveraging know-how, built up by the small precision motors in the IT field, related to magnetic circuit design and by using permanent magnets and a proprietary oil-cooling-based design, Nidec has developed a compact motor that, combined with the next generation of inverter, contributes significantly to the excellent vehicle performance, low power-consumption and low noise and vibration of the car. By achieving a maximum power output of 150 kW and a maximum system torque output of 3,100 Nm while only weighing 91 kg Nidec's Ni150Ex E-Axle also contributes to reducing the weight of the Geometry C. (From a press release dated May 27, 2020)

Established Nidec PSA E-Motors
-Nidec Corporation (Nidec) announced that the company and France's Groupe PSA have completed the establishment of a joint venture to develop, manufacture and sell automotive electric traction motors and inverters. The new company, Nidec PSA emotors, was established with initial share capitals of EUR 15 million (approximately JPY 1.95 billion), with Nidec Leroy-Somer Holding and PSA Automobiles each holding a 50% of the shares. The France-based joint venture's headquarters and development base are in Carrieres sous Poissy and the production base is located in Tremery. The number of employees, which is 40 at the inception, will be increased by hiring more than 30 new employees by the end of summer 2018, and more in line with business expansion. (From an article in the Nikkan Jidosha Shimbun on May 18, 2018)

Established Guangzhou Nidec Automobile Drive System
-Guangzhou Automobile Group Co., Ltd. (GAG) held the 22nd meeting of its Fifth Board of Directors and approved a resolution about the project of an integrated electric drive system for new electric vehicles (NEVs). According to the resolution, GAG approved the construction of the aforementioned project by a joint venture tentatively named Guangzhou Nidec Automobile Drive System Co., Ltd. The joint venture is to be established by GAC Component Co., Ltd. (GAC Component), a GAG’s wholly-owned subsidiary, and Nidec Corporation. The planned project investment is totaled about CNY 1,050,530,000, of which shareholders will contribute CNY 600 million and GAC Component will contribute CNY 294 million based on a 49% share in the joint venture. Additionally, the meeting also examined and approved a resolution about the project of land acquisition and construction for an intelligent NEV industrial park. With GAG’s approval, GAC Component will implement the aforementioned project, which has a planned investment totaling CNY 624.18 million. (From a press release on August 1, 2019)

Equipped on the AionS
-Nidec Corporation (Nidec) announced that orders for its traction motor systems, such as E-Axle inverter-integrated traction motor for electrified vehicles, are expected to reach 200,000 units in 2020. The E-Axle has been adopted for vehicles such as the Aion S, a mass-market model of Guangzhou Automobile Group Motor Co., Ltd., and orders for 47,000 units have been confirmed. Nidec intends to expand sales to automakers and parts suppliers from China and European countries that support electrified vehicles. The E-Axle drive motor system is a compact and lightweight, integrated unit that combines a motor, a gear box, and an inverter. In addition to the Aion S, the E-Axle is expected to be adopted for the AionLX autonomous SUV, which will be produced from September. Nidec has also received inquiries from 15 automakers in Europe, the U.S., and Japan. (From an article in the Nikkan Jidosha Shimbun on April 25, 2019)
Automotive Business of Nidec Group

Business segment Company name Production countries Main products
Automotive motors Nidec Germany, Spain, Poland, Mexico, China (Dalian and Zhejiang), India (operation started in Jul. 2015) Motors (for brakes, seat adjusters, electric power steering systems, engine cooling fans and power sunroofs), actuators
Nidec Motors & Actuators
Automotive components Nidec Tosok Vietnam (2 sites), China (Zhejiang), Mexico (operation started in May 2015) Control valves, stepping motors, solenoid valves, spool valves, harness modules and electric oil-pumps
Nidec GPM
(acquired in Feb. 2015)
Germany, Brazil, China (Suzhou) Water pumps and oil pumps
Nidec Sankyo Japan (Nagano, Susono), China (Guangzhou), Vietnam, U.S (Indiana), Indonesia (acquired in Sep. 2015) Stepping motors, Ultra wide angle lens units
Electronic control units (ECUs) Nidec Elesys Japan (Utsunomiya), U.S., China (Zhongshan), Thailand Electronic control units (including EPSs, ABSs, VSA and ADSs), safety systems (including lane keep assist systems, millimeter wave radar units, collision mitigation brake systems and occupant detection systems)
Nidec Mobility Japan Active safety devices, body wiring, EPS, power controls


-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2020)
Name or Company Name Investment Ratio (%)
Individual shareholder 8.44
The Master Trust Bank of Japan, Ltd. (Trust Account) 6.40
Japan Trusties Services Bank Ltd. (Trust Account) 4.71
Bank of Kyoto, Ltd. 4.23
S.N. Kosan 3.45
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 2.53
Nippon Life Insurance Company 2.24
Meiji Yasuda Life Insurance Company 2.18
Total 39.12



  • For electric power steering systems (EPS)
  • For engine cooling
  • For seat adjusters
  • For brakes (ESP/ABS)
  • For traction motors

-In-wheel motor

Nidec Motors & Actuators

  • For brake systems
  • For seat adjusters
  • For steering column adjusters
  • For engine cooling
  • For sunroof closures
  • For trunk openers/power liftgates



Nidec Tosok
Control valves for CVTs and ATs
Stepping motors
Solenoid valves
Spool valves
Harness modules
Electric oil-pumps

Nidec GPM
Conventional water pumps
Adjustable water pumps
Conventional oil pumps
Adjustable oil pumps
Transmission oil pumps

Nidec Sankyo
Stepping motors
Ultra wide angle lens units
Wide Angle Lenses
Super-Wide Angle lenses
Precision Plastic Parts
Resin Molded Parts

Nidec Elesys
Electric power steering units (EPS)
Vehicle stability assist systems (VSA)
Electric parking brake units (EPB)
Electric servo brake units (ESB)
Antilock brake systems (ABS)
Active dumper systems (ADS)
Parking assist units (PA)
Lane keep assist systems (LKAS)
76GHz-band millimetric wave radar units
Electric pre tensioner units
Collision mitigation brake systems (CMBS)
Occupant detection systems (ODS)

Nidec Mobility
Driver monitoring sensor
Body control module (BCM)
Power window switch (PWS) with an anti-pinching function
Security entry products
Electric power steering unit (EPS)
DC/DC converter for the idling stop system (ISS)
DC/DC converter for xEVs


July 1973 Established Nippon Densan Corporation (currently Nidec Corporation) in Nishikyo-ku, Kyoto.
Aug. 1973 Started production and sales of small precision AC motors.
Oct. 1984 Established the Shiga Plant (currently Nidec Siga Technical Center).
Nov. 1988 Listed its stock on the second section of the Osaka Stock Exchange, and the Kyoto Stock Exchange.
Mar. 1997 Took a stake in Tosok Corp.
Dec. 1997 Established Nidec Tosok (Vietnam) Co., Ltd.
Sept. 1998 Listed the stock on the first section of the Tokyo Stock Exchange and the first section of the Osaka Stock Exchange.
Sept. 2001 Listed on the New York Stock Exchange.
May 2003 Relocated its Head Office and opened the Central Technical Laboratory.
Oct. 2003 Took a stake in Sankyo Seiki Mfg. Co., Ltd. (currently Nidec Sankyo Corporation)
Feb. 2006 Established Nidec Automobile Motor (Zhejiang) Corp., a locally-incorporated company in China.
Dec. 2006 Established Nidec Motors & Actuators by acquiring the motor and actuator business of Valeo S.A.
Nov. 2009 Opened Shiga Technical Center's new main building.
Sep. 2010 Established Nidec Motor Corporation by acquiring the Motors & Controls business of Emerson Electric Co., an American company. Established Nidec Motor Holdings Corporation as its holding company.
Dec. 2010 Established Nidec India Private Limited as its sales subsidiary in India.
Apr. 2012 Established the Nidec Research and Development Center, Singapore in Singapore.
June 2012 Established Nidec Research And Development Center.
Sept. 2012 Established the Nidec Research and Development Center, Taiwan in Taiwan.
Oct. 2012 Nidec Sankyo Corporation acquired Korean manufacturer SCD Co., Ltd.
Dec. 2012 Took a stake in Nidec Kaiyu Auto Electric (Jiangsu) Co., Ltd.
Apr. 2013 Nidec Corporation establishes Nidec Automotive Motors Americas Corporation in the US to integrate its automotive motor business in the country’s market.
Jan. 2014 Nidec Sankyo Corporation purchases Mitsubishi Materials C.M.I. Corporation. (currently Nidec Sankyo CMI Corporation)
Nidec Research and Development Center, Japan opens its new building in Kawasaki, Kanagawa, Japan.
Mar. 2014 Purchased Honda Elesys Co., Ltd. (Currently Nidec Elesys Corporation)
Feb. 2015 Acquired Gerate-und Pumpenbau GmbH Dr. Eugen Schmidt based in Germany (currently Nidec GPM GmbH).
Jul. 2015 Acquired China Tex Mechanical & Electrical Engineering Ltd.’s SR motor drive business (Renamed the company to Nidec (Beijing) Drive Technologies Co., Ltd.)
Sep. 2015 Nidec Sankyo acquired PT. Nagata Opto Indonesia.
Oct. 2015 Opened "Nidec Institute for Industrial Science".
May 2016 Withdrew listing on the New York Stock Market.
Dec. 2016 Acquired Canton Elevator, Inc. based in the USA.
Jan. 2017 Acquired the motor-drive business of Emerson Electric Co. based in the USA; and the electric generator business from the current Nidec Leroy-Somer Holding and Nidec Control Techniques Limited.
Mar. 2017 Opened the Headquarters ANNEX Global R&D Center
Mar. 2017 Acquired Vamco International, Inc. based in the USA.
Mar. 2017 Unified the Group’s corporate brand to Nidec
Jul. 2017 Acquired LGB Ellettropompe S.r.l based in Italy.
Jul. 2017 Acquired Germany-based Secop Group (currently Nidec Global Appliance Compressor Company)
Oct. 2017 Nidec Sankyo acquired the operations of Tokyo Maruzen Industry, Co., Ltd
Nov. 2017 Acquired DriveXpert GmbH, a company based in Germany
Feb. 2018 Opened a new production engineering wing in Seika, located in the Soraku area of Kyoto Prefecture.
Apr. 2018 Acquired Genmark Automation, Inc., a company based in the USA.
May. 2018 Established Nidec PSA emotors as a joint venture with PSA of France, to manufacture automotive traction motors.
Jul. 2018 Acquired CIMA S.p.A., a company based in Italy.
Aug. 2018 Acquired MS-Graessner GmbH & Co. KG, a company based in Germany.
Nov. 2018 Completion of tender offer for shares of Chaun-Choung Technology Corp., Taiwan
Feb. 2019 Acquired Systeme + Steuerungen GmbH, a company based in Germany.
Mar. 2019 Acquired DESCH Antriebstechnik GmbH & Co. KG, a company based in Germany.
Jul. 2019 Acquired Embraco, the compressor business of Whirlpool of the USA.
Oct. 2019 Established Guangzhou Nidec Automobile Drive System Co., Ltd. in China, a joint venture with Guangzhou Automobile Group Co., Ltd., to manufacture automotive traction motors.
Oct. 2019 Acquired Omron Automotive Electronics, establishing it as Nidec Mobility Corporation.

Supplemental Information 1