Nidec expects to record an impairment loss of over $3.8 billion mainly from its EV motor systems business
According to Nikkei Asia, Nidec is expected to record an impairment loss exceeding 600 billion yen ($3.8 billion), primarily from its traction motor systems for electric vehicles, with the information coming from sources cited by Nikkei Asia on Monday. The report places the events in Kyoto, Japan.
Key facts
- 01Nidec impairment loss expected to exceed 600 billion yen ($3.8 billion).
- 02Loss mainly from traction motor systems for electric vehicles.
- 03Information provided by sources told Nikkei Asia on Monday.
- 04Location identified as Kyoto, Japan.
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