Notice of Establishing a Joint Venture with FREYR Battery, a Semi-Solid Lithium-Ion Battery Manufacturer
Nidec Corporation (“Nidec” or the “Company”) (TSE: 6594; OTC US: NJDCY) announced today that the Company has completed the establishment procedures for the joint venture agreement with FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, as previously disclosed on August 30, 2022.
1. Overview of the joint venture to be established
(1) Company n