Nidec to Supply Motors for Foxconn’s Electric-Vehicle Initiative
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Two newcomers to the electric-vehicle market, Nidec Corp. and Foxconn Technology Group’s automobile arm, unveiled an agreement on supplying electric powertrains — the collection of components including the motor, gears and drive shaft that propel a vehicle.
Nidec and Foxtron Vehicle Technologies have signed a memorandum of cooperation and will demonstrate the initial results of their collaboration in the fourth quarter, Foxtron said in a statement Thursday…Read More…
