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

  • London trials new Ford plug-in hybrid vans
    January 23, 2017
    Automaker Ford is launching a multi-million pound project designed to help improve air quality in London, as it accelerates its electrification plans with 13 new global electrified vehicles scheduled for introduction in the next five years. The project, supported by Transport for London, features a 12-month trial of 20 new plug-in hybrid (PHEV) Transit Custom vans that are said to reduce local emissions by running solely on electric power for the majority of city trips such as deliveries or maintenance w
    Read More
  • Royal Imtech results ‘a decisive step’
    August 26, 2014
    Royal Imtech has published its second quarter and half year 2014 results, taking what the CEO, Gerard van de Aast says is “a decisive step in Imtech's financial recovery”. The company has reported significant debt reduction and a fully underwritten rights issue of US$791 million. Revenue in the second quarter was US$1.2 billion, with an EBITDA loss in the same period of US$18.4 million. Order intake in the second quarter was US$1.24 billion. In addition, Imtech has reached agreement with Vinci SA on
    Read More
  • Wireless electric vehicle charging system sales ‘to exceed 280,000 by 2020’
    December 24, 2012
    According to new research from Pike Research, a part of Navigant’s Energy Practice, until recently, wireless charging equipment for plug-in electric vehicles (PEVs) has had all the characteristics of a promising technology in search of a market. In the last six to twelve months, however, this has begun to change. Nearly all of the major PEV manufacturers have announced partnerships to develop wireless charging systems, and there are signs that such systems, installed at the factory or added at the dealershi
    Read More
  • Wrightbus showcases fuel cell electric bus in the UK
    November 7, 2018
    Wrightbus says its double deck bus uses fuel cell technology to deliver zero emissions while in operation. The StreetDeck fuel cell electric vehicle was displayed at the UK’s Euro Bus Expo 2018 in Birmingham. Fuel cell technology mixes hydrogen and compressed air (oxygen) in a chemical process to generate electric power to drive. The company says the vehicle comes with an extended storage option which increases its range from 200 to 265 miles. Also, the bus can be refuelled in seven minutes. Stre
    Read More

Highlighted Content