# 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.

- Type: Partnership
- Announced: 2017-12-04
- Where: France, France
- Status: announced
- Products: electric traction motors for MHEV, EV, PHEV
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Groupe PSA](https://endata.com/companies/718.md) (partner)
- [Nidec](https://endata.com/companies/1321.md) (partner)
- [Nidec Leroy-Somer Holding](https://endata.com/companies/17973.md) (partner)

## Sources

- [media.stellantis.com](https://www.media.stellantis.com/em-en/psa-archive/press/groupe-psa-and-nidec-to-set-up-a-leading-joint-venture-for-automotive-electric-traction-motor), 2017-12-04: "Groupe PSA and Nidec Corporation, through Nidec Leroy-Somer Holding, intend to work together in the field of electric traction motor."
- [automotiveworld.com](https://www.automotiveworld.com/news/groupe-psa-nidec-set-leading-joint-venture-automotive-electric-traction-motor/), 2017-12-04: "Groupe PSA makes the strategic choice to anchor in France the design and production of the main components of the electric traction powertrain."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.