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.
Automobiles
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
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