OSAKA -- Japanese precision motor maker Nidec lowered its full-year net profit forecast by a quarter Wednesday on increased investment in electric-vehicle parts and sluggish Chinese demand.
Companies
Motor maker Nidec cuts profit outlook by 25% as China slump lingers
Big investments in electric cars weigh on earnings
A Nidec factory in China's Zhejiang Province makes traction motors for electric vehicles, an area where the Japanese company seeks a bigger presence. (Photo courtesy of Nidec)
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