A three-phase winding is integrated into the fixed stator which induces a voltage in the rotary rotor. This can be performed either without electronic ports (short-circuited rotor) or with electronic ports (slip-ring rotor).
An asynchronous motor type of an induction motor is an AC electric motor in which the electric current in the rotor needed to produce torque is obtained by electromagnetic induction from the magnetic field of the stator winding. An induction motor can therefore be made without electrical connections to the rotor as are found in universal, DC and synchronous motors. An asynchronous motor's rotor can be either wound type or squirrel-cage type. Three-phase squirrel-cage asynchronous motors are widely used in industrial drives because they are rugged, reliable and economical. Single-phase induction motors are used extensively for smaller loads, such as household appliances like fans. Although traditionally used in fixed-speed service, induction motors are increasingly being used with variable-frequency drives (VFDs) in variable-speed service. VFDs offer especially important energy savings opportunities for existing and prospective induction motors in variable-torque centrifugal fan, pump and compressor load applications. Squirrel cage induction motors are very widely used in both fixed-speed and variable-frequency drive (VFD) applications. Variable voltage and variable frequency drives are also used in variable-speed service.
Source: Wikipedia - Induction motor