Nidec PSA emotors has become operative as of May 16. Headquartered in Carrières sous Poissy (France), the joint venture develops, manufactures and sells automotive electric traction motors and inverters. The company runs a production site in Tremery, Grand Est region (France). Nidec PSA emotors is headed by CEO Ghislain Boiteau and employs initially 40 persons, with plans to hire 30 additional engineers during the course of the summer 2018 and more in line with business expansion.
Both parent companies hold 50% of the shares each. The new company starts into its life with an initial share capital of €15 million.