Nidec and Groupe PSA to Sign Joint Venture Agreement for Automotive Electric Traction Motor
Nidec Corporation and Groupe PSA, through Nidec Leroy-Somer Holding, intend to set up a joint venture dedicated to the design, development, manufacture and sale of electric traction motors. For this purpose, Nidec Leroy-Somer and Groupe PSA entered into a joint venture agreement on December 4, 2017.