PSA, Japan's Nidec to Form EV Engine JV

Newswire

PARIS, Dec 4 (Reuters) - Peugeot maker PSA Group and Japan's Nidec Corp said on Monday they will invest 200 million euros in a joint venture to develop and produce electric car engines in France. The aim of the joint venture is to make high-performance electric engines for PSA Group and potentially other car makers. Nidec Corp will act via Nidec Leroy-Somer, the French electric motor company that it acquired in February 2017. The transaction remains subject to antitrust clearance and ...

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