PSA forms a JV with Nidec for electric traction motors

PSA Group and Japan-based Nidec have announced the establishment of Nidec-PSA emotors, a joint venture dedicated to the design, development, manufacture and sale of electric traction motors. The agreement was recently formalized by MM Shigenobu Nagamori, CEO of Nidec, and Carlos Tavares, CEO of PSA Group. Both CEOs recognized the strategic importance of high-performance traction […]