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Nidec Corp (6594.T)

6594.T on Tokyo Stock Exchange

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Mon, Dec 4 2017

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Peugeot teams up with Nidec to produce electric vehicle motors in France

PARIS Peugeot carmaker PSA Group is to bring the development and production of its electric motors back to France after creating a joint venture with Japan's Nidec Corp that will initially invest 200 million euros ($237 million).

Peugeot teams up with Nidec to produce electric vehicle motors in France

PARIS Peugeot carmaker PSA Group is to bring the development and production of its electric motors back to France after creating a joint venture with Japan's Nidec Corp that will initially invest 200 million euros ($237 million).

UPDATE 3-Peugeot teams up with Nidec to produce electric vehicle motors in France

* JV to be based in France (Recasts, adds new PSA quote, context)

PSA Group and Japan's Nidec to set up electric car engine venture

PARIS, Dec 4 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.

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