# 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.

- Type: Partnership
- Announced: 2018-12-03
- Where: Carrieres-sous-Poissy, France
- Value: $261.0M (220.0M EUR)
- Status: announced
- Capacity: 900,000 motors per year by 2022
- Products: electric motors for EVs and hybrids
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Nidec](https://endata.com/companies/1321.md) (partner)
- [PSA Group](https://endata.com/companies/19914.md) (partner)

## Sources

- [tw-motor.com](https://www.tw-motor.com/news/psa-teamed-up-with-japan-s-nidec-layout-motor-19427946.html), 2018-12-02: "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."

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