Japan-based Nidec and France-based Groupe PSA endorsed the establishment of 'Nidec-PSA emotors' – the new Nidec Leroy-Somer and Groupe PSA joint venture dedicated to the design, development, manufacture and sale of electric traction motors.
MM Shigenobu Nagamori and Carlos Tavares, chief executive officers of Nidec and Groupe PSA respectively have endorsed this joint venture for the development of the electric motors.
As per the statement released by Groupe PSA, forty engineers have already been recruited and joined the JV headquarters in Carrières sous Poissy, near Paris. By end of summer, thirty more engineers are expecting to join this site where a dedicated R&D area has been created. They will design new traction electric motors to be produced in Tremery plant, Moselle area, in France, and integrated in mild-hybrid (MHEV), electric vehicles (EV) and plug-in hybrid (PHEV) vehicles.
Both CEOs recognised the strategic importance of high-performance traction motor for electrified vehicles, and the two groups will invest 220 million euros (Rs 1,763 crore) to set-up this JV. Groupe PSA states that this will help their initiative for 100 percent offering of electrified vehicles by 2025.
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