Nidec Corporation

Company Profile

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

Shareholders

Products

Nidec
Motors

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

E-Axle
-In-wheel motor

Nidec Motors & Actuators
Motors

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

Actuators

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
Modules
Transmission oil pumps

Nidec Sankyo
Stepping motors
Relays
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
3D-LiDAR
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

History

Supplemental Information 1

>>>FY ended Mar. 31, 2014 Business report
>>>FY ended Mar. 31, 2015 Business report
>>>FY ended Mar. 31, 2016 Business report
>>>FY ended Mar. 31, 2017 Business report
>>>FY ended Mar. 31, 2018 Business report
>>>FY ended Mar. 31, 2019 Business report

Archives of Past Exhibits

Note: A figure in brackets ( ) indicates a loss