Nidec, Foxconn to form a joint venture for EV motor production
- BySeeking Alpha-
Nidec (NJDCY): Q1 GAAP EPS of ¥57.14.Revenue of ¥447.5B (+32.9% Y/Y)Press Release
Nidec (NJDCY): FQ4 GAAP EPS of¥65.46.Revenue of¥433.07B (+15.4% Y/Y)Press Release
Nidec Corporation is engaged in the manufacture and sale of precision small motors, optical components, electric motors and related components and equipment. The Company is engaged in the provision of brushless direct current (DC) motors for the information technology (IT) industry. The Company operates through nine segments: Nidec Corporation, Nidec Electronics (Thailand), Nidec Singapore, Nidec (H.K.), Nidec Sankyo, Nidec Copal, Nidec Techno Motor, Nidec Motor, and Nidec Motors & Actuators. The company's main products include hard drives, spindle motors for hard disk drives (HDDs), other precision small brushless direct current (DC) motors, among others. The Company also offers general motors for home appliances, industries and vehicles, as well as equipment devices, electronic and optical parts, and automobile parts.