Groupe PSA and Nidec form JV for automotive traction motors

By Charles Morris Groupe PSA, owner of the Peugeot, Citroën, DS, Opel and Vauxhall brands, and Nidec Leroy-Somer, a French manufacturer of small precision motors, plan to form a joint venture to develop a range of traction motors for electrified vehicles. The 50/50 JV will receive an initial investment of €220 million ($262 …read more

Source:: https://chargedevs.com/newswire/groupe-psa-and-nidec-form-jv-for-automotive-traction-motors/