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Supply Chain

EV motor maker Nidec fights for more chip buying power

Japanese manufacturer to consolidate purchases, push own designs

Nidec sees the e-Axle, its traction motor system for electric vehicles, as a driver of its earnings growth. (Photo by Shuntaro Fukutomi)

KYOTO/TOKYO -- Japanese motor maker Nidec will consolidate chip purchases across its group by the end of 2022, looking to drive a harder bargain for long-term supply contracts of an essential input for the electric-vehicle industry.

Securing a stable supply of chips is critical to the company's growth plan, which aims to ramp up production of EV motor systems.

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