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Nidec and GAC Components complete establishment of JV for automotive traction motors

Nidec Corporation and GAC Components Co., Ltd. have completed establishment of the joint venture that develops, manufactures and sells automotive traction motors. (Earlier post.)

Named Guangzhou Nidec Auto Drive System Co., Ltd., the JV is based in Guangzhou. The JV will have 17 employees by the end of the year, and plans to hire more than 70 people by the end of 2020, and more in line with business expansion.

Nidec owns 51%; GAC Components owns 49%.

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