PSA and Nidec to build €220M motor joint venture in France

PSA Group and Nidec announced a joint venture to design, develop and produce electric motors, with a total investment of €220 million. The JV will be headquartered in Carrieres-sous-Poissy, France, and aims for capacity of 900,000 motors by 2022.

“PSA Group announced that it will invest a total of 220 million euros ($261 million) in the construction of a motor joint venture with Nidec in Japan.”tw-motor.com

• 1 source
• tw-motor.comPSA Teamed Up With Japan's Nidec Layout Motor And Electric Vehicle Market - News - Teamwork Global Group LimitedDec 2, 2018

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