TOKYO -- Japanese motor maker Nidec, in a new midterm business plan unveiled Wednesday, predicted a 150% sales surge through fiscal 2025, as the world's largest motor maker vows to have as a customer the fastest-growing manufacturer of electric cars in China, SAIC-GM-Wuling Automobile, which makes $4,400 mini EVs in China.
"Wuling is the world's most demanding automaker in terms of purchase price," said Jun Seki, Nidec's president and CEO, at a news conference the same day. "We will be able to improve our competitiveness if we can satisfy a carmaker as demanding as Wuling," Seki said.
