# 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.

- Type: Partnership
- Announced: 2021-08-25
- Where: Taiwan, TWN
- Status: announced
- Products: traction motor systems, automotive motors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Nidec](https://endata.com/companies/1321.md) (partner)
- [Hon Hai Technology Group](https://endata.com/companies/50180.md) (partner)
- [Foxtron Vehicle Technologies](https://endata.com/companies/57304.md) (partner)

## Sources

- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/2021/08/25/nidec-to-establish-joint-venture-with-hon-hai-and-foxtron/45840/), 2021-08-25: "Nidec signed a memorandum of understanding with Foxtron regarding its strategic alliance in the development of electric vehicle drive systems."

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