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Nidec to form joint venture with GAC Components for automotive traction motors · Endata

◂ Announcements

Aug 1, 2019PARTNERSHIPChina

Nidec to form joint venture with GAC Components for automotive traction motors

Nidec Corporation resolved to form a joint venture with GAC Components Co., Ltd., a subsidiary of Guangzhou Automobile Group, to manufacture automotive traction motors. The closing is subject to competition authority approval.

Status

Announced

Productsautomotive traction motors

CompaniesNidec partner GAC Components partner

Sectors#Automotive Components

“Nidec has been expanding and strengthening its automotive motor business, one of the Company's strategically critical businesses.”nasdaq.com

1 source
nasdaq.comNidec to Form a Joint Venture with a Subsidiary of China-Based Guangzhou Automobile Group Company for Automotive Traction Motors | NasdaqAug 1, 2019

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

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