Japan's Nidec set to focus on electric vehicle powertrains to treble sales

Japan's Nidec set to focus on electric vehicle powertrains to treble sales

Kabukicho, Tokyo, Japan. Photo: Fabrizio Chiagano

Japan’s Nidec Corp plans to more than treble its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, two people familiar with the matter told Reuters.