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Nidec Will Withdraw From Its Two Joint Ventures Operating in China.
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Nidec will terminate its joint venture with a Chinese company in the field of 'E-Axle' drive systems for pure electric vehicles. The E-Axle was a business heavily promoted by founder Shigenobu Nagamori and symbolized the company's past expansionist approach. This significant reduction in this business is a clear strategic shift aimed at implementing structural reforms.
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