TOKYO -- Nidec, the world's largest motor maker, is aiming for a quick return to record profits as it bets on dramatic growth in electric vehicle demand in China.
For the first quarter of fiscal 2020, the Kyoto-based company reported a 1.7% rise in operating profit from a year before to 28.1 billion yen ($261.93 million), even as sales fell 6.6% to 336.8 billion yen. The company said it has redoubled efforts for cost reduction.
