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Nidec Announces its Execution of Comprehensive MOU with Tata Elxsi Ltd.

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Nidec (TOKYO: 6594; OTC US: NJDCY) has executed a memorandum of understanding (MOU) with Tata Elxsi , an Indian design and technology service provider, on July 22, 2024. The collaboration aims to enhance Nidec's software development capabilities by leveraging Tata Elxsi's expertise in autonomous driving, electrification, and connected car solutions.

The partnership will focus on developing software programs for India and other markets, localizing Nidec products, and establishing a global business base for Nidec's software development. This strategic move aligns with Nidec's commitment to providing comprehensive drive technology solutions across its diverse product lineup.

Tata Elxsi, part of the Tata group, brings extensive experience in automotive and transportation R&D, with a global network of over 13,000 engineers and specialists. Nidec, as a leading comprehensive motor manufacturer, aims to utilize this collaboration to accelerate its growth and innovation in the rapidly evolving automotive and technology sectors.

Nidec (TOKYO: 6594; OTC US: NJDCY) ha firmato un memorandum di intesa (MOU) con Tata Elxsi, un fornitore indiano di servizi di design e tecnologia, il 22 luglio 2024. La collaborazione mira a potenziare le capacità di sviluppo software di Nidec sfruttando l'expertise di Tata Elxsi in aree come la guida autonoma, l'elettrificazione e le soluzioni per auto connesse.

Il partenariato si concentrerà sul sviluppo di programmi software per l'India e altri mercati, localizzando i prodotti Nidec e stabilendo una base commerciale globale per lo sviluppo software di Nidec. Questa mossa strategica è in linea con l'impegno di Nidec a fornire soluzioni complete di tecnologia di azionamento attraverso la sua vasta gamma di prodotti.

Tata Elxsi, parte del gruppo Tata, porta con sé una vasta esperienza nella R&D automobilistica e dei trasporti, con una rete globale di oltre 13.000 ingegneri e specialisti. Nidec, in quanto principale produttore di motori completo, mira a utilizzare questa collaborazione per accelerare la sua crescita e innovazione nei settori automobilistico e tecnologico in rapida evoluzione.

Nidec (TOKYO: 6594; OTC US: NJDCY) ha firmado un memorandum de entendimiento (MOU) con Tata Elxsi, un proveedor indio de servicios de diseño y tecnología, el 22 de julio de 2024. La colaboración tiene como objetivo mejorar las capacidades de desarrollo de software de Nidec aprovechando la experiencia de Tata Elxsi en conducción autónoma, electrificación y soluciones de automóviles conectados.

La asociación se centrará en desarrollar programas de software para India y otros mercados, localizando los productos de Nidec y estableciendo una base comercial global para el desarrollo de software de Nidec. Este movimiento estratégico se alinea con el compromiso de Nidec de proporcionar soluciones integrales de tecnología de accionamiento a través de su diversa gama de productos.

Tata Elxsi, parte del grupo Tata, aporta una amplia experiencia en I+D automotriz y de transporte, con una red global de más de 13,000 ingenieros y especialistas. Nidec, como principal fabricante de motores completos, busca utilizar esta colaboración para acelerar su crecimiento e innovación en los sectores automotriz y tecnológico en rápida evolución.

Nidec (TOKYO: 6594; OTC US: NJDCY)는 2024년 7월 22일에 인도 디자인 및 기술 서비스 제공업체인 Tata Elxsi와 양해각서(MOU)를 체결했습니다. 이번 협력은 Nidec의 소프트웨어 개발 능력 향상을 목표로 하며, Tata Elxsi의 자율주행, 전기화, 연결 자동차 솔루션에 대한 전문성을 활용합니다.

이번 파트너십은 인도 및 기타 시장을 위한 소프트웨어 프로그램 개발, Nidec 제품의 현지화, Nidec 소프트웨어 개발을 위한 글로벌 비즈니스 기반 구축에 중점을 둡니다. 이 전략적 움직임은 Nidec의 다양한 제품 라인업을 통해 포괄적인 드라이브 기술 솔루션을 제공하겠다는 약속과 일치합니다.

Tata Elxsi는 Tata 그룹의 일부로, 자동차 및 운송 연구개발에서 광범위한 경험을 보유하고 있으며, 전 세계 13,000명 이상의 엔지니어와 전문가 네트워크를 갖추고 있습니다. Nidec은 주요 종합 모터 제조업체로서, 이 협력을 통해 빠르게 발전하는 자동차 및 기술 분야에서의 성장과 혁신을 가속화할 수 있기를 기대합니다.

Nidec (TOKYO: 6594; OTC US: NJDCY) a signé un protocole d'accord (MOU) avec Tata Elxsi, un prestataire indien de services de design et de technologie, le 22 juillet 2024. La collaboration vise à améliorer les capacités de développement logiciel de Nidec en tirant parti de l'expertise de Tata Elxsi dans les domaines de la conduite autonome, de l'électrification et des solutions automobiles connectées.

Ce partenariat se concentrera sur le développement de programmes logiciels pour l'Inde et d'autres marchés, la localisation des produits Nidec, et l'établissement d'une base commerciale mondiale pour le développement logiciel de Nidec. Ce mouvement stratégique est en accord avec l'engagement de Nidec à fournir des solutions complètes de technologie d'entraînement à travers sa gamme diversifiée de produits.

Tata Elxsi, faisant partie du groupe Tata, apporte une vaste expérience dans la recherche et le développement automobile et de transport, avec un réseau mondial de plus de 13 000 ingénieurs et spécialistes. Nidec, en tant que principal fabricant de moteurs complets, entend utiliser cette collaboration pour accélérer sa croissance et son innovation dans les secteurs automobile et technologique en pleine évolution.

Nidec (TOKYO: 6594; OTC US: NJDCY) hat am 22. Juli 2024 ein Memorandum of Understanding (MOU) mit Tata Elxsi, einem indischen Anbieter von Design- und Technologiedienstleistungen, unterzeichnet. Die Zusammenarbeit zielt darauf ab, Nidecs Software-Entwicklungskapazitäten zu verbessern, indem das Fachwissen von Tata Elxsi in den Bereichen autonomes Fahren, Elektrifizierung und Lösungen für vernetzte Fahrzeuge genutzt wird.

Die Partnerschaft wird sich auf das Entwickeln von Softwareprogrammen für Indien und andere Märkte, die Lokalisierung von Nidec-Produkten und den Aufbau einer globalen Geschäftsbasis für die Softwareentwicklung von Nidec konzentrieren. Dieser strategische Schritt entspricht Nidecs Engagement, umfassende Antriebstechnologielösungen in seinem vielfältigen Produktsortiment anzubieten.

Tata Elxsi, Teil der Tata-Gruppe, bringt umfangreiche Erfahrungen in der Automobil- und Verkehrsforschung mit einem globalen Netzwerk von über 13.000 Ingenieuren und Spezialisten mit. Nidec, als führender Hersteller von Kompaktmotoren, beabsichtigt, diese Zusammenarbeit zu nutzen, um sein Wachstum und seine Innovation in den sich schnell entwickelnden Bereichen Automobil und Technologie zu beschleunigen.

Positive
  • Strategic partnership with Tata Elxsi to enhance software development capabilities
  • Access to Tata Elxsi's expertise in autonomous driving, electrification, and connected car solutions
  • Potential for market expansion in India and other regions
  • Opportunity to establish a global business base for software development
Negative
  • None.

KYOTO, Japan--(BUSINESS WIRE)-- Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) today announced that it has executed a memorandum of understanding (the “MOU”) on July 22, 2024 with India’s Tata Elxsi Ltd. (“Tata Elxsi”), a design and technology service provider.

(Graphic: Business Wire)

(Graphic: Business Wire)

Tata Elxsi is a Tata Group company that engages in design, technology development, system integration and software development. Tata Elxsi’s technologies are adopted in autonomous driving and other types of advanced driver assistance systems, electrification, connected car solutions, and other automobile engineering-related services. It also provides services for broadcasting, telecommunications, healthcare, transportation and other industries.

The execution of the aforementioned MOU aims to enable Nidec to utilize Tata Elxsi’s knowhow and resources to accelerate Nidec’s group-wide enhancement of its software development capability. Furthermore, the MOU intends for the Company to develop software programs for India and other markets, and examine how to localize Nidec products, while providing support for establishing and operating a global business base for the Nidec Group’s software development in the future.

Nidec stays committed to providing solutions by utilizing its comprehensive drive technology for its diverse product lineup ranging from small precision motors to ultra-large motors.

Tata Elxsi Ltd.

Tata Elxsi is among the world’s leading providers of design and technology services across industries including automotive, broadcast, communications, healthcare, and transportation. Headquartered in Bangalore and part of the Tata group, Tata Elxsi works with leading OEMs and suppliers in the automotive and transportation industries for R&D, design, and product engineering services from architecture to launch and beyond.
It brings together domain experience across autonomous, electric, connected vehicle technologies, and software-defined vehicles (SDV), which is supported by a worldwide network of design studios, development centres, and offices as well as a global pool of over 13,000 engineers and specialists.

Tata Elxsi’s official website : www.tataelxsi.com/industries/automotive

Nidec Corporation

Nidec is the world’s leading comprehensive motor manufacturer handling everything that spins and moves.” With approximately 340 group companies engaging in business in 46 countries around the world, Nidec utilizes their respective technological capabilities to design, develop, produce, and sell a diverse lineup of products ranging from small precision motors to ultra-large motors. Nidec’s motors are adopted in various fields of business, including IT device, automobile, bike, and commercial and industrial areas. Nidec stays committed to using its technologies to provide, at an overwhelming speed, lighter, more compact and efficient products and solutions that are critical to the world.

Nidec Corporation’s official website: https://www.nidec.com/en/

Teruaki Urago

General Manager

Investor Relations

+81-75-935-6140

ir@nidec.com

Source: NIDEC CORPORATION

FAQ

What is the purpose of Nidec's MOU with Tata Elxsi?

The MOU aims to enhance Nidec's software development capabilities, develop software programs for India and other markets, localize Nidec products, and establish a global business base for Nidec's software development.

When did Nidec (NJDCY) sign the MOU with Tata Elxsi?

Nidec (NJDCY) executed the memorandum of understanding (MOU) with Tata Elxsi on July 22, 2024.

What areas of expertise does Tata Elxsi bring to the partnership with Nidec?

Tata Elxsi brings expertise in autonomous driving, electrification, connected car solutions, and other automobile engineering-related services, as well as experience in broadcasting, telecommunications, healthcare, and transportation industries.

How many engineers and specialists does Tata Elxsi have in its global pool?

Tata Elxsi has a global pool of over 13,000 engineers and specialists supporting its worldwide network of design studios, development centers, and offices.

NIDEC CORP ADR

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