May 16, 2018

JV for electric motors of PSA and Nidec complete

nidec-e-achse-axle-motor-getriebe-gear-umrichter-inverter

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.

nidec.com

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Found on electrive.com
https://www.electrive.com/2018/05/16/jv-for-electric-motors-of-psa-and-nidec-complete/
16.05.2018 14:42