Nidec, a Japan-based electric motor manufacturer is planning to double its production capacity in China, in addition to the factory which is being constructed in Zhejiang Province. Nidec plans to invest 160 to 240 million euros for developing the new production facility for production of the traction motors. Nidec’s electric axle includes gearbox, inverter, and the electric machine.
The aim of the company is to double the planned annual capacity for 600,000 to 700,000 cars in China. The first production unit by the company is expected to be operational in May 2020. Nidec is planning to produce new engines in the second factory that will be 30% smaller compared to the engines that will be produced in the first factory.
GAC, a manufacturer and OEM in China is the customer of Nidec and the first company to use integrated electric axle by Nidec in the series production of its electric cars. Meanwhile, it has also been rumored that the company is also considering to build the factory in Poland, as the Nidec is focusing on expanding in Europe and win market participants in the region as its customers.
The company in 2018 also introduced a new electric drive system with a maximum output of 150Kw, weighing 83 kilos, and with maximum torque of 3,900 Nm. According to the company, the new system will be suitable from small cars to SUVs.
In 2018, Nidec also entered into a joint venture with PSA Group for the production, development and sales of traction motors for use in hybrid and electric cars. The aim is to reach an annual production capacity of 900,000 electric machines by 2022.
Governments of various countries are taking initiatives to support the production of electric and hybrid vehicles, this is likely to result in the growth of traction inverters to be used in electric vehicles. Moreover, regulations by governments on limiting the emission from engine pollutants is also likely to drive the demand for electric vehicles, this, in turn, is expected to propel the growth in the traction inverters market.
With the increasing use of electric motors in the automotive industry, manufacturers are focusing on introducing new products and traction inverters to grow their product portfolio and sustain in the traction inverters market. Moreover, by launching new categories of traction inverters, manufacturers are targeting untapped markets. The traction inverters market is projected to reach US$ 8,043.1 million by the end of 2026.
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Owing to the presence of manufacturers in North America, the region is expected to hold a strong position in the traction inverters market. The adoption of traction inverters is also growing in the region owing to the increasing production of electric vehicles. The manufacturers of hybrid and electric cars are increasingly using traction inverters in their vehicles to establish a versatile connection to the master control system in the car, moreover, inverters are also being integrated in cars to moderate damaging and adverse voltages resulting from regenerative braking due to the high speed.