Groupe PSA and Nidec form joint venture for electric traction motors

Groupe PSA and Nidec Leroy-Somer have entered into a joint venture agreement to design, develop, manufacture and sell electric traction motors for electrified vehicles. The JV will be based in France and supply PSA and other OEMs.

“Groupe PSA and Nidec Corporation, through Nidec Leroy-Somer Holding, intend to work together in the field of electric traction motor.”media.stellantis.com

• 2 sources
• media.stellantis.comGroupe PSA and Nidec to set-up a leading joint venture for automotive electric traction motor | Groupe PSA Archives | Stellantis MediaDec 4, 2017
• automotiveworld.comGroupe PSA and Nidec to set-up a leading joint venture for automotive electric traction motor | Automotive WorldDec 4, 2017

Summarized from public sources; check the original articles before acting on it.