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Nidec and France's PSA join on electric-vehicle motors

Mass production to start in 2022 at a French factory

Nidec CEO Shigenobu Nagamori, left, and Gilles Le Borgne, PSA's quality and engineering chief, announce the partnership in Tokyo.

OSAKA -- Japan's Nidec and French automaker PSA will form a joint venture next spring to produce motors for electric vehicles, aiming to drive down costs through mass production.

This marks the first move by the acquisitive Kyoto-based manufacturer into traction motors, which propel electric vehicles down the road. Automotive components are a forte of Nidec, which supplies motors for power steering and braking systems.

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