Japan's electricity production planning adjustment, electric vehicle motor production will expand beyond China
According to foreign media reports, Nidec has re-examined its supply strategy in the face of unclear business prospects. Unlike previous plans, by 2020, the company will produce electric vehicle motors in three regions around the world, not just in China.
The company is headquartered in Kyoto, Japan, and is currently building a factory in China to begin mass production of traction motor systems, including gearboxes and inverters developed this year. Currently, the company also plans to start producing modules in Poland and Mexico.
On Wednesday (December 19), Chairman and CEO of the Electricity Industry Hiroyuki Yoshimoto said that despite the uncertainties in the trade situation between China and the United States, the company said it would reconsider its global supply structure to increase its market share. . Yoshimoto revealed that in order to impose higher tariffs on US products produced in China, the company has begun to transport large quantities of home electronics and auto parts from Mexico to the United States instead of choosing to ship from China to the United States. The company is also preparing to ship large motors for generators and equipment from European production plants to the US to better compete with more costly Chinese manufacturers.
Yoshimoto said that the annual investment in electricity production will continue to be around 150 billion yen ($1.34 billion), and the development of traction motors will be its core business. Electricity is expected to reach 100 billion yen in the traction motor business in FY 2022, and plans to double its sales to 200 billion yen by FY 2025. The new motor module will initially be supplied to the electric vehicle under the Guangzhou Automobile Group. After that, the electric power product is also expected to be supplied to other car companies.
At the same time, the battery is also decentralizing senior management. The five top executives will discuss issues every week, and the company's founder, chairman and CEO ShigenobuNagamori will make the final decision.
Nagamori will oversee acquisitions and other mid- and long-term growth strategies, while Yoshimoto is responsible for increasing the business and revenue of the group's companies. By focusing on technology trends such as automobiles, robots, energy-saving equipment and aircraft, the company's sales will increase from 1.49 trillion yen in FY2017 to 2 trillion yen in FY 2020, and will grow in FY 2030. To 10 trillion yen.
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