ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Nidec to buy Mitsubishi Heavy unit, bolstering EV motor business

Japan motor maker boosts know-how on drive systems with $285m acquisition

A parking spot at an electric-car charging station. Nidec is strengthening its operations in motors for these vehicles.   © Reuters

KYOTO/TOKYO -- Japanese motor maker Nidec will buy a Mitsubishi Heavy Industries unit, seeking crucial expertise in producing electric vehicle components through a deal estimated at 30 billion yen ($285 million), Nidec announced Friday.

The announcement confirms Nikkei's earlier report on the agreement. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more