Skip to main content

Groupe PSA and Nidec to develop automotive electric traction motor

Groupe PSA and Nidec, through Nidec Leroy-Somer Holding, has entered into a joint venture to launch and sell a range of efficient traction machines to meet the needs of OEMs shifting towards electrified vehicle technologies. The electric traction powertrain's main components will be designed and produced in France.
December 7, 2017 Read time: 1 min
Groupe PSA and Nidec, through Nidec Leroy-Somer Holding, has entered into a joint venture to launch and sell a range of efficient traction machines to meet the needs of OEMs shifting towards electrified vehicle technologies. The electric traction powertrain's main components will be designed and produced in France.


This project will engage research and development, manufacturing and sales for high-performance electric traction motor mainly to Groupe PSA, and to other OEMs.

The closing of the transaction remains subject to antitrust clearance and employee representative consultation.

Related Content

  • April 29, 2016
    Germany’ plans subsidies to encourage EV use ‘an interesting move’
    Germany has announced plans to motivate German citizens to buy electric and hybrid vehicles, say news reports, with a plan that the transport ministry hopes will boost sluggish electric-vehicle sales. The plan is expected to cost US$1.35 billion (€1.2 billion), with the government and automakers sharing the cost. Car buyers will receive a US$4,530 (€4,000) discount on electric vehicles and a US$3,398 ($3,000) discount on hybrids. The proposal also includes the installation of more charging stations
  • July 22, 2016
    Industrial and commercial electric vehicles: biggest market biggest profit, says report
    The new IDTechEx report, Industrial and Commercial Electric Vehicles on Land 2016-2026, provides an understanding of the EV business, hybrid and pure electric, which IDTechEx says will be responsible for around 60 per cent of the huge market of about $500 billion emerging in 2026. Indeed, it is and will remain more profitable than the highly competitive car market that gets all the press attention. The report gives information not available elsewhere, for example, putting the business in the context of w
  • July 6, 2017
    Volvo cars to go all electric or hybrid by 2019
    From 2019, every Volvo launched by carmaker Volvo Cars, the premium car maker will have an electric motor, marking the historic end of cars that have only an internal combustion engine (ICE) and placing electrification at the core of its future business.
  • May 12, 2017
    Visedo and TECO partner on electric drivetrains for heavy motor industry
    As part of its concerted efforts to further develop opportunities in Asia, Finnish manufacturer of electric drivetrains for heavy vehicles, Visedo, has signed a production and co-operation agreement with Asian electric motor producer TECO Electric & Machinery Company. Under the agreement Visedo will benefit from TECO’s significant production capacity and ability to service major tender projects worldwide and particularly in Asia. In turn, TECO will have access to Visedo’s unique expertise in developing sync