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21 Jul
18:46

Nidec starts discussions with Foxconn on EV drive systems JV

Japan’s electric motors manufacturer Nidec is starting negotiations with Taiwan’s Foxconn and its EV subsidiary Foxtron on creating a joint venture, Kallanish reports. The alliance on EV drive systems would build on the partnership between the parties, ensuring a stable supply of traction motors and other automobile motors for Foxconn. The platform would also expand sales opportunities in new markets and to new customers for Nidec. The companies wil…
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