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Nidec plans to occupy 40% market share of electric vehicle motors by 2030

According to news on October 27, the chairman of Nidec Corporation Shigenobu Nagamori said a few days ago that he plans to occupy 40 to 45% of the global market share of electric vehicle motors by 2030, which is equivalent to the scale of 10 million electric vehicles.

Nidec

Nidec has previously stated that the company's goal is to reach 35% of the global share of the drive motor market for electric vehicles by 2030. Nidec has raised its previously set market targets.

Nidec predicts that the electric vehicle market will expand rapidly, driven by lower battery production costs.

In June of this year, Nidec announced that it would invest about 100 billion yen (about 6.5 billion yuan) to build a factory in Dalian, China, and its R&D base will be located in the factory. In addition to drive motors for pure electric vehicles, the base will also develop motors for home appliances.

Foreign media predict that Nidec will hire about 1,000 new people, of which about 30 to 40% are responsible for the development of electric car motors.

Nidec has nearly 300 group companies around the world. It is a comprehensive motor and motor manufacturer that produces various small and large motor products and provides professional services for all "rotating bodies and moving bodies".

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