Wednesday 20 March 2019

Officials at the event

Groupe PSA, Nidec form electric motors JV

DUBAI, June 24, 2018

Groupe PSA, the second largest car manufacturer in Europe, has announced a joint venture with Nidec, a leading comprehensive motor manufacturer, to create ‘Nidec-PSA emotors’ which will work on design of future electric motors.

Carlos Tavares, chief executive officer of Groupe PSA and MM Shigenobu Nagamori, chief executive officer of Nidec, endorsed the establishment of the new project dedicated to the design, development, manufacture and sale of electric traction motors, said a company statement.

As an anticipation of energy transition towards a cleaner mobility, electrification seems to be the key to environmental issues with a well to wheel approach. Original equipment manufacturers (OEMs), hence, are accelerating their shift towards electrified vehicle technologies, it said.

Along with this trend, electrification of automobiles has been expanding and the market of electric motor for automotive is foreseen to double its size. Nidec is renowned to be active in this trend developing products with its superior motor expertise, it added.

Forty engineers have already been recruited and joined the JV headquarters in Carrières sous Poissy, near Paris, France.

By end of summer, 30 more engineers are expected to join this site where a dedicated R&D area has been set up. They will design new traction electric motors to be produced in Tremery plant in France, and integrated in mild-hybrid (MHEV), electric vehicles (EV) and plug-in hybrid (PHEV) vehicles, said a statement.

With a strategic importance of high-performance traction motor for electrified vehicles, Groupe PSA and Nidec will invest €220 million ($256.6 million) to set up this JV, it said.

This will support the electrification push, as 100 per cent of Groupe PSA vehicle range will include an electrified offering by 2025, especially that electric vehicles are projected to make up 16 per cent of all car sales by then.

When it comes to the Gulf region, government bodies in some countries such as the UAE have already started paving the way to the acquisition of zero-carbon electric cars by launching new incentives that make the transition from fossil-fuel powered cars to electric easier including green bank loans, green insurance plans, attractive EV car prices and green registration of vehicles, said a statement.

Other government programmes call for up to 10 per cent of car fleets of federal ministries and agencies to be electric vehicles.

Groupe PSA is hot-weather testing its electric range for the region and is expected to be on the road by 2020, it stated. – TradeArabia News Service

Tags: | project | JV | Groupe PSA |

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