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Japan's Nidec Corp plans to more than treble its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, two people familiar with the matter told Reuters. The world's leading maker of precision motors which supplies parts for Apple's iPhones is expected to detail its plans as soon as Tuesday when it will name former Nissan Motor executive Jun Seki as president, the sources said. The new strategy shows
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Japan's Nidec, electric motor producer, bets on electric cars
