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NJDCY - Good EV Orders Support The Long-Term Nidec Story
Nihon Densan Kabushiki Kaisha ADR
Japan's Nidec (NJDCY) (6594.TO) is going through some challenges today as demand for motors and related components in markets like autos, appliances, and industrial end-markets softens, but the long-term story continues to look strong. Nidec continues to rack up wins for its EV traction motors, and Nidec looks like an appealing option for companies that want to get electric vehicles on the market sooner rather than later. Likewise, the long-term opportunity for smart DC motors in areas like appliances and industrials is quite attractive.
Valuation remains the biggest "but" to the story. The