Nidec says that it has seen an increase in demand for its automotive motors and inverters and ECUs following a tightening of environmental regulations in Europe and stricter CO2 emission regulations for automobiles in major countries.
CHICAGO, Oct. 17, 2022 /PRNewswire/ Automotive Traction Motor Market is projected to grow by CAGR 22.8%, from USD 6.5 billion in 2022 to USD 18.4 billion by 2027, over the forecast period
Nidec Holds an Event to Announce Its Decision to Open New Factories and Launch of Business in Serbia
April 11, 2021 19:30 ET | Source: Nidec Corporation Nidec Corporation Kyoto, JAPAN
KYOTO, Japan, April 12, 2021 (GLOBE NEWSWIRE) Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that it has decided to open new factories in the city of Novi Sad in the Republic of Serbia (“Serbia”), and that it has held an event to announce the launch of business in the country.
1. The event to announce the launch of business in Serbia
At today’s event, held at the office of president, Serbia, and attended by President Aleksandar Vučić, Mayor Miloš Vučević of Novi Sad, and Japanese Ambassador to Serbia Takahiko Katsumata, among others, the Company announced its plan to launch business in Serbia.