The amount that Japanese electric motor supplier Nidec Corp. will spend this year to acquire the automotive electronics business of Omron, also of Japan. While neither company is a household name in the industry, Nidec is attempting to earn a larger share of the world electric vehicle market through traction motors, a core component of electric powertrains. Nidec sees Omron's know-how in electronic controls as critical to accelerating Nidec's growth in electrification. Nidec hopes to double its global automotive business to about $5.4 billion a year over the next two years. Last year, Nidec formed a 50-50 joint venture with French automaker PSA Group to produce traction motors in France.