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

  • Ridesharing market attracts investors in Europe and North America
    December 16, 2016
    Investors are racing to claim a stake in the potential multibillion-dollar ridesharing market. Advances in Technology that aid in the adoption of ridesharing, while governmental policy support, such as high-occupancy vehicle (HOV) lanes and toll-fee waivers, are bolstering market evolution, says Frost and Sullivan. The North American and European ridesharing market will see strong growth, with rideshare operators rolling out new business models to target niche customer segments. And in the European marke
    Read More
  • Wireless traffic data in real time
    January 31, 2012
    The effect of moving objects on the electromagnetic landscape set up by cellular telephony networks can be detected and interpreted to give real-time traffic data across large geographical areas at low cost. Here, we revisit the Celldar concept. Global economic downturn has pushed public-sector agencies, transport administrations among them, to push even harder for cost efficiencies. Unfortunately, when it comes to transport safety and efficiency the public sector often has to work up to a cost rather than
    Read More
  • Automatic driving creates billion dollar market
    December 5, 2014
    A new study, Autonomous Driving, by Roland Berger Strategy consultants finds that automatic driving will generate additional revenue volume of up to US$40 billion in component sales in the period through 2030. In addition, new software solutions needed for automated driving will reach a global market volume as high as 20 billion dollars by 2030. There are specific technologies to be mastered, to a large extent unknown territory for both OEMs and suppliers and considerable investments will be needed to de
    Read More
  • Vitronic Group sold to Itis Holding
    May 23, 2024
    Itis, owned by investment firm PPF Group, will put in €50m upon "formal completion"
    Read More

Highlighted Content