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Nidec Developing Electric Motors for Hybrid Cars

Japan’s Nidec Corporation, the world’s leading manufacturer of motors for hard-disk drives, plans to start mass-producing electric motors for hybrid vehicles in 2008 or 2009.

The company has already begun developing hybrid-vehicle electric motors with outputs of 10 kW or greater in its mid-size motors business segment. Although Nidec’s sales in the mid-size segment have been increasing, the unit’s losses are also increasing.

Nidec hopes that its expansion into the hybrid-vehicle motor market will help it increase its mid-size motor sales from ¥37.8 billion to ¥100 billion (US$895 million) by fiscal 2012, according to a report in the Nihon Keizai Shimbun.

The company hopes to more than double sales of its automobile motor lineup (which also includes power steering motors) to up to ¥50 billion in fiscal 2008.

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Comments

Mike Davis

Is this company still getting contracts? It would seem like a good buy if so as hybrid is really coming on strong.

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