TOKYO -- Japanese motor maker Nidec will focus on sales of motors for smaller electric vehicles, as intensifying price competition forces more automakers to source the vital components from outside suppliers, Nidec founder and Chairman Shigenobu Nagamori said Tuesday.
"Just as in home appliances, the price competition in EVs will be more severe, with new entrants from outside the car industry coming into the market," Nagamori said.
