Nidec, Hon Hai and Foxtron to establish joint venture for EV drive systems

Nidec signed an MOU with Hon Hai and Foxtron to establish a joint venture in Taiwan by 2022 for developing, producing and selling traction motor systems and other automotive motors.

“Nidec signed a memorandum of understanding with Foxtron regarding its strategic alliance in the development of electric vehicle drive systems.”roboticsandautomationnews.com

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• roboticsandautomationnews.comNidec to establish joint venture with Hon Hai and FoxtronDavid EdwardsAug 25, 2021

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