# 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.

- Type: Partnership
- Announced: 2019-08-01
- Where: China
- Status: announced
- Products: automotive traction motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Nidec](https://endata.com/companies/1321.md) (partner)
- [GAC Components](https://endata.com/companies/41024.md) (partner)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/nidec-to-form-a-joint-venture-with-a-subsidiary-of-china-based-guangzhou-automobile), 2019-08-01: "Nidec has been expanding and strengthening its automotive motor business, one of the Company's strategically critical businesses."

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