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What is the relationship between NEC and Nideco?

NEC and Nideco are parent companies and subsidiaries.

1. According to xidian university Employment Information Network, Nideco (Suzhou) Co., Ltd. is a wholly-owned subsidiary of Nippon Denko Co., Ltd., mainly engaged in the research and development of three-in-one drive motor and powertrain for new energy vehicles. It was incorporated in Suzhou High-tech Zone on February 25th, 20 19. It is a Japanese-funded enterprise with good development prospects and vitality.

2. The company's first-phase building10.2 million square meters has the world's largest bench test laboratory, environmental laboratory and other laboratories, as well as CAD simulation room. The company has nearly 200 doctors, masters and undergraduates. The second phase of the R&D building is under preparation. The company's goal is to become the largest R&D drive motor center in the world.