Market Chatter: Nidec Builds China-Made EV Motor for Toyota to Compete in Local Market

MT Newswires Live

2025/07/16

Nidec (TYO:6594) has developed an electric motor made almost entirely with Chinese parts to support Toyota's (TYO:7203) push in China, Bloomberg reported Wednesday, citing CEO Mitsuya Kishida.

The E-axle motor, 99% sourced locally, powers the bZ3X SUV, which launched in March and has sold about 20,000 units, according to the report.

The project aims to cut costs, boost Toyota's competitiveness, and revive Nidec's own fortunes as it restructures amid weak profits. The firm also opened a $100 million Qingdao plant and may sell assets to improve efficiency and shareholder value, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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The firm also opened a $100 million Qingdao plant and may sell assets to improve efficiency and shareholder value, the report said.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4555","symbol_name":"新能源車","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2551179241","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2551179241","pubTimestamp":1752646644,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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The firm also opened a $100 million Qingdao plant and may sell assets to improve efficiency and shareholder value, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}