Nidec Corporation, the world’s largest manufacturer of drives, has agreed to start discussions on establishing a joint venture with Hon Hai Technology Group and Foxtron Vehicle Technologies.
The Hon Hai Technology Group in Taiwan has been the main manufacturer for Apple products in the past two decades.
Nidec signed a memorandum of understanding with Foxtron regarding its strategic alliance in the development of electric vehicle drive systems. [Read more…] about Nidec to establish joint venture with Hon Hai and Foxtron
