May 16, 2018

JV for electric motors of PSA and Nidec complete


French PSA Group and Japan’s Nidec have finalised their planned joint venture. Together they will develop and sell motors for all-electric as well as hybrid vehicles. The new company called Nidec PSA emotors that both own 50 percent of is based at Carrières-sous-Poissy close to Paris.

The joint venture of PSA and Nidec had been in the making since last December when we first reported that the partners were to implement a 220m euro JV to develop electric motors for BEVs as well as HEVs. The initial share capital is 15 million euros.

As a facility focussed on research, Nidec PSA emotors employs 40 people to start with but plans to hire another 30 engineers throughout summer.


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Found on
16.05.2018 14:42