Nidec Motor Corporation (“Nidec”), a 100%-owned subsidiary of Nidec Corporation, has announced a supply partnership agreement with leading Indian commercial vehicle manufacturer, Ashok Leyland (“AL”), the Indian flagship of the Hinduja group, to provide an electric motor-controller system (“E-Drive”) as vehicle electrification gains momentum globally and in India.

Nidec Corporation (”Nidec”) has announced a minority investment in Eve Air Mobility (“Eve”), a manufacturer of electric vertical take-off and landing (eVTOL) aircraft and launch partner for Nidec Aerospace’s electric propulsion systems, through the Company’s subsidiary, Nidec Motor Corporation, on July 1, 2024.