Nidec to Form a Joint Venture with a Subsidiary of China-Based Guangzhou Automobile Group Company for Automotive Traction Motors
Nidec Corporation announced today that it has adopted at a meeting of the Board of Directors held on August 1, 2019 a resolution to execute a contract with GAC Components Co., Ltd., a member of China-based Guangzhou Automobile Group Co., Ltd., to establish a joint venture to manufacture automotive traction motors.