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    Peugeot joins hands with Nidec to develop electric motors

    by Monalisa Saha on Wednesday, Jan 24 2018

    peugeot-instinct-concept-933x569

    French car maker Peugeot’s parent company PSA Group is currently working to bring back the development as well as production of electric motors to France. For this the automaker has entered a joint venture with the Japanese company Nidec Corp, which will be investing a whopping 200 million Euros ($237 million) initially in the project. The Franco-Japanese JV which involves the car maker and the motors manufacturer, respectively, will be aiming to equip the upcoming new electric vehicles branded Peugeot, Citroen, DS, Opel and Vauxhall from 2022. This new JV will be carrying forward the job of developing and manufacturing electric motors from German Continental and the Valeo-Siemens Automotive joint venture that will be endowing its electric motors on the first electric and hybrid cars models from PSA group, which will be launching in 2019. 


    ABOUT THE AUTHOR

    An adventurer at heart and introvert by nature, I love to travel, click nature's beauty and beautiful machines on wheels. Art, literature and poetry are also close to my heart.

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