Nidec plans to dissolve its e-axle joint ventures (JVs) as it shifts its focus to structural reform, Nikkei Asia reported. The Japanese motor manufacturer runs its e-axle operations through two JVs, one in China and one in Europe, in a business closely tied to founder Shigenobu Nagamori. President and CEO Mitsuya Kishida told the publication: “We want to withdraw from the e-axle business, which has become a red ocean”. Nidec has begun talks with Guangzhou Automobile Group on dissolving the China ventur ...