Latest news for Nidec (OTC:NNDNF) Stock

Nidec is a global leader of brushless DC motors. Brushless DC motors have advantages over other types of motors in power efficiency, silence, and durability. Nidec possesses the number-one market share in a wide variety of products, such as hard disk drive motors, optical disk drive motors, vibration motors on handsets, brushless motors for inverter air conditioners, and brushless motors for electric power steering on automobiles. It continues to benefit from the growing demand for power-efficient motors, driven by strengthening environmental regulations.

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Nidec Corp

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Nidec GAAP EPS of ¥69.34, revenue of ¥594.03B; updates FY24 guidance

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Nidec GAAP EPS of ¥218.22, revenue of ¥2348.2B; initiates Q2 and FY25 outlook

Nidec Corporation (NJDCY) Q4 2023 Earnings Call Transcript

Nidec Has Attractive Drivers And Strong Technology, But Profit Execution Has Been Notably Lacking

Nidec GAAP EPS of ¥97.50, revenue of ¥648.17B, updates FY24 and 1H guidance

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Nidec

<ul>
	<li>Hon Hai Precision Industry Co Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hnhpf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HNHPF</a>), operating as&nbsp;Foxconn Technology Group, named automotive veteran Mr. Jun Seki to be the Group&#39;s Chief Strategy Officer for electric vehicles effective from 1 February&nbsp;<a class="editor-rtfLink" href="https://www.honhai.com/en-us/press-center/press-releases/latest-news/987" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">2023</a>.</li>
	<li>Seki is a seasoned executive with two Japanese icons,&nbsp;Nissan Motor Co, Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsanf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSANF</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nsany#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NSANY</a>) and the largest electric motor maker&nbsp;Nidec Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/njdcy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NJDCY</a>) (OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nndnf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NNDNF</a>).</li>
	<li>Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/01/30546096/taiwanese-foxconn-driven-towards-mexico-due-to-demand-for-ev-sophisticated-chips-and-geopolitical-te" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Taiwanese Foxconn Driven Towards Mexico Due To Demand For EV, Sophisticated Chips And Geopolitical Tensions</a></li>
	<li>Seki will assist the Group in integrating EV resources and development in the Americas, Asia, and the Middle East.&nbsp;</li>
	<li>Foxconn bolstered efforts to secure new revenue after grappling with thin margins and unprecedented Covid-induced challenges in China.</li>
	<li>Foxconn made aggressive advances in automotive over the past year by acquiring a pickup assembly plant from embattled&nbsp;Lordstown Motors Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIDE#NASDAQ">RIDE</a>), Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-01-30/foxconn-hires-ex-nidec-ceo-to-help-steer-its-fledgling-ev-arm?sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.</li>
	<li>In 2022,&nbsp;NXP Semiconductors NV&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nxpi#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NXPI</a>) collaborated with Foxconn to develop EV platforms.&nbsp;</li>
	<li>Foxconn aims to provide components or services to 10% of the world&#39;s EVs by 2025 to 2027, Chair Liu Young-way has said, vowing to lower manufacturing costs for carmaking with its assembly know-how as the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/07/28128341/key-apple-supplier-nxp-semiconductors-forge-ev-partnership" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">world&#39;s largest contract electronics manufacturer</a>.</li>
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