Nidec

2 May 2024 10:00

Nidec Control Techniques and KB Electronics are excited to announce that from 1st May 2024, they will undergo a brand elevation process, transitioning to Nidec Drives

We would like to inform you that Nidec Control Techniques and KB Electronics, our subsidiary companies, have announced their brand integration and will now operate under the name Nidec Drives.

This decision has been made with strategic initiative and progression in mind. Nidec Control Techniques and KB Electronics, with over 50 years of experience, represent innovation and trailblazing in t

22 March 2024 04:14

Nidec Group sets new mid- and long-term CO2 reduction targets

Nidec Corporation (hereinafter referred to as “We”) has set new mid- and long-term CO2 reduction targets. We aim to achieve net-zero CO2 emissions for the entire supply chain by FY 2050. By FY 2030, we aim to reduce emissions in Scope 1/2 by 42% compared to FY 2022 and also reduce emissions in Scope 3 by 25% compared to FY 2022.
Nidec Group’s mid- and long-term CO2 reduction targets
Addition

21 February 2024 21:29

AIR Partners with Nidec to Develop Customized eVTOL Motor for AIR ONE Production Model

The collaborative R&D will enable significant industry advancement, building one of the first motors designed specifically for mid-sized eVTOL aircraft
AIR, creator of eVTOLs for the consumer market, today announced its partnership with Nidec Motor Corporation, a leading manufacturer of commercial, industrial, and appliance motors and controls, to develop the motor for the production model

14 February 2024 22:53

Nidec Announces New President, Changes in Representative Directors and Others

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) announced today that it has passed a resolution in an extraordinary meeting of the Board of Directors held on February 14, 2024 regarding the Company’s new Chairman and President, and on changes in its representative Directors.
1.Reasons for the changes
Via a stable succession of business operations and a smooth transfer

2 February 2024 03:58

Takisawa Consolidates Shares and Becomes a Wholly Owned Subsidiary of Nidec

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) announced today that Takisawa Machine Tool Co., Ltd. (“Takisawa”) has passed a resolution at its extraordinary general meeting of shareholders held on January 12, 2024, to consolidate 900,000 of its common shares into one, and that the consolidation has taken effect today. With this share consolidation, Takisawa has become a wholly owned

23 January 2024 01:46

Determination of Assistance for Damage Caused by the 2024 Noto Earthquake

We would like to express our deepest condolences to those who lost their lives in the Noto Earthquake of 2024, which occurred on January 1, 2024, and our deepest sympathies to all those who were affected by the disaster and to all concerned.
We will donate a total of 10 million yen through the Japanese Red Cross Society to support those affected by the earthquake and to help with reconstructio

20 December 2023 13:30

Nidec India Holds Opening Ceremony of Its Neemrana Factory’s Second Building

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company”) today announced that Nidec India Private Limited (“Nidec India”), a wholly owned subsidiary of the Company, has held an opening ceremony of the new, second building of its existing factory in Neemrana, Rajasthan, in the Republic of India (“India”).
Attendees pose for a photo at the new building’s opening ceremony
1. Outline of the

19 December 2023 03:27

Investment in Gore Street Energy Storage Fund PLC, an operator of energy storage systems, for strategic partnership through Nidec’s subsidiary

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) has announced that we will complete an investment of 15.8 million GBP in Gore Street Energy Storage Fund PLC (“GSF”), an investment trust fund that operates an energy storage system business, through the Company’s subsidiary, Nidec Motor Corporation (“NMC”), on December 19, 2023 (US time).

Image of Nidec installed B

20 November 2023 03:43

Notice Regarding the Completion of Purchase and Settlement of Tendered Shares Certificates, etc. in Tender Offer of Takisawa Machine Tool Co., Ltd. (Securities Code: 6121) and its Entry to Nidec Group

As announced in the press release dated November 14, 2023, “Notice Regarding the Results of the Tender Offer for Takisawa Machine Tool Co., Ltd. (Securities Code: 6121)”, in the tender offer conducted by Nidec Corporation in accordance with the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended) and related laws and regulations (the “Tender Offer”), regarding the common shares

2 August 2023 02:55

Nidec Completes Acquisition of Automatic Feed Company and Related 2 Companies, US-based Press Machine Equipment Manufacturers

Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has acquired full ownership of Automatic Feed Company, Lasercoil Technologies LLC, and Automatic Leasing Company, privately- owned US companies (collectively the “Target”), from its founding family on August 1, 2023 (the “Transaction”). As a result of the Transaction, the Target became a consol

17 June 2023 16:00

Nidec and Embraer announce joint venture agreement to develop Electric Propulsion System for emerging aerospace industry

Kyoto, Japan – June 18th, 2023 – Japan’s Nidec Corporation (TSE: 6594; OTC US: NJDCY) and Brazil’s Embraer (B3: EMBR3, NYSE: ERJ) today announced an agreement to establish a joint venture company, called Nidec Aerospace LLC (hereunder “JV”), to develop Electric Propulsion Systems for the aerospace sector. The transaction combines the complementary synergies and distinct areas of expertise of two w

5 June 2023 03:41

Nidec and Renesas Collaborate on Semiconductor Solutions for Next-Generation E-Axle for EVs

June 5, 2023 ―Nidec Corporation (TSE: 6594; OTC US: NJDCY) and Renesas Electronics Corporation (TSE:6723) have agreed to join forces on the development of semiconductor solutions for a next-generation E-Axle (X-in-1 system) that integrates an EV drive motor and power electronics for electric vehicles (EVs).
Today’s EVs are increasingly adopting the 3-in-1 unit called E-Axle, which integra

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