PSA Group, Japan's Nidec to set up $237m electric vehicle JV

PSA Group, Japan's Nidec to set up $237m electric vehicle JV

Photo: PSA website

Peugeot maker PSA Group and Japan’s Nidec Corp will invest 200 million euros ($237 million) in a joint venture to develop and produce electric car motors for a fast expanding market, the companies said on Monday.

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