(Reuters) – The miniature motors that make iPhones buzz on silent helped power Japan’s Nidec 6594.T to become a 1.5-trillion-yen ($14 billion) company.
In recent years, Nidec’s founder Shigenobu Nagamori has turned his attention to autos, and a technology which turns electricity stored in the battery into propulsion power.
This technology, called an e-axle or e-drive, is emerging as a new competitive front as the auto industry shifts to electric vehicles. By 2030, Nagamori says he wants a 35% slice of a global e-axle market that is forecast to be worth $20-30 billion a year by then, up from an estimated $2.8-$3 billion now.
He is betting that electric cars will follow the same route as room aircons, washing machines and computers, with key components, such as motor