Original title: Nippon Electric plans to occupy 40% market share of electric vehicle Mada by 2030 Source: TechWeb.com.cn

[TechWeb] October 27th news, according to foreign media reports, the chairman of Japan Electric Power Co., Ltd. Yongshou Chongxin said a few days ago that he plans to occupy 40 to 45 percent of the global market share of electric vehicle motors by 2030, equivalent to the scale of 10 million electric vehicles.

Nippon Electric has previously said it aims to reach 35 per cent of the global market for drive motors for electric vehicles by 2030. Nippon Electric raised its previous market target.

Nippon Electric predicts that the electric vehicle market will expand rapidly, driven by lower battery production costs.

In June, Nissan announced that it would invest about 100 billion yen (6.5 billion yuan) to build a factory in Dalian, China, where the R & D base will be located. In addition to driving motors for pure electric vehicles, the base will also develop motors for household appliances.

Foreign media estimate that Japan Electric will hire about 1000 new people, of which about 30 to 40 percent will be responsible for the development of electric vehicle motors.

Nippon Electric (Nidec, Niedko), which has nearly 300 group enterprises around the world, is an integrated motor motor manufacturer that produces all kinds of small and large motor products and provides professional services for all "rotors and motors".