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.

News

Penny Stocks

Tech

Media

HNHPF

NJDCY

NNDNF

NSANF

NSANY

NXPI

Lordstown Motors Corp. - Class A Common Stock

RIDE

Foxconn Ropes In Nissan And Nidec Veteran As EV Leader

Intraday Update

Markets

Movers

Trading Ideas

ABEV

ABIO

ABMD

ABVC

ACCYY

ACHV

ACIW

ACOR

ACRFF

ACRX

ACSAY

ACST

ADHC

ADMA

ADMP

AEGOF

AFLYY

AFRAF

AGCO

AGEEF

AHKSY

AHOTF

AIBGY

AIPUY

AKRX

ALDX

ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

ALEAF

ALLY

ALMFF

ALOT

ALSN

ALTM

ALXN

AMADY

AMCX

AMKBF

AMKBY

AMNP

AMPH

AMRH

AMRQQ

AMTX

ANAT

ANCN

ANGO

ANIP

ANZLY

APEX

APHA

APLE

APTS

AQARF

ARCB

ARCH

ARGGY

ARGO

ARLP

ARNA

ARNGF

AROC

ARREF

ARTL

ASNA

ASTVF

ATRA

ATRI

ATROB

ATSG

ATUSF

AUTL

Stocks That Hit 52-Week Lows On Thursday

Nidec Corp

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>
</ul>

Comments

Nidec

News

Latest news for Nidec (OTC:NNDNF) Stock

Monday, January 30, 2023

Thursday, February 27, 2020

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga