From iPhones to e-axles — how one tech firm is pushing into electric vehicles

15 Oct From iPhones to e-axles — how one tech firm is pushing into electric vehicles

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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.

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From iPhones to e-axles — how one tech firm is pushing into electric vehicles originally appeared on Autoblog on Wed, 14 Oct 2020 13:50:00 EDT. Please see our terms for use of feeds.

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