Nidec Builds Made-in-China EV Motor to Help Toyota Catch Rivals

According to Mitsuya Kishida, Chairman of the Executive Officer, Japan’s Nidec Corp. Toyota Motor Corp.

NIDEC President Kishida said that approximately 99% of the materials and parts in the e-Aks engine are from China. In an interview last week, the construction of the integrated engine said “incredibly difficult”.

According to the Toyota spokesman, Nıdec started to supply the engine for the Electric BZ3X Sport vehicle of Toyota, which was offered for sale from about 110,000 Yuan in March. The first Toyota vehicle using this engine, the car, captures the market share from global competitors, while Chinese car manufacturers are part of the company’s forcing the world’s fate in the number 2 economy.

Using Chinese parts often helps the company to reduce costs and reduce the price of the last car required to compete in the Ultra -competitive automobile market of the Asian country.

The new engine is also aiming to revive Nidec’s lengths of the Japanese company Nidec, which increases its bad profitability and falling stock price investor’s discontent.

In the last five years, the sensitive motor manufacturer said he announced a restructuring after receiving the best job in 2024 in 2024.

“We should control our current business and obtain a more efficient structure before asking for a major growth in income,” he said. Electronics for engines, compressors and household appliances is an example of this, which combines two old plants from different business units in a new production center of $ 100 million.

Kishida said that this restructuring may include the sale of some businesses and that it would improve the image of the company’s image for shareholders and hopefully increase the stock price.

Qingdao investment is a rare example at a time when a Japanese company that contributes significantly to its presence in China has slowed down as the country’s economic growth slows down and the global trade tensions with increased. According to the data of the Japan Ministry of Finance, after about 6% of last year, the net new Japanese investment in China increased by 3% in the first five months of this year.

Toyota, in April for the Lexus brand in Shanghai announced a new factory in Shanghai. Kishida stated that NIDEC could cooperate on this project and said that the company has already supplied various car parts to Toyota.

With the help of Yuki Furukawa, Masatsugu Horie and Nicholas Takahashi.

This article was created from an automatic news agency feeding without changing the text.