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

Reuters  |  PARIS 

By Gilles GuillaumePARIS (Reuters) - 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).The France-based tie-up with the Japanese maker of electric motors will equip all new Peugeot, Citroen, DS, Opel and Vauxhall electric cars from 2022, taking over from Germany's Continental and the Valeo-Siemens Automotive joint venture which will equip the first electric and hybrid-power cars the group launches in 2019.PSA is ...

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First Published: Mon, December 04 2017. 22:31 IST