Business, Technology, Fuel

Nidec to Supply Motors for Foxconn’s Electric Vehicle Initiative

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.

River Davis and Debby Wu | Bloomberg News
March 18, 2021