Nidec Starts Discussions on Establishing Joint Venture with Hon Hai and Foxtron

2021-07-23
Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) today announced that the Company has agreed to start discussions on establishing a joint venture (JV) with Hon Hai Technology Group (TWSE: 2317) (hereinafter referred to as “Hon Hai”) and Foxtron Vehicle Technologies Co., Ltd. (hereinafter referred to as “Foxtron”) of Hon Hai Technology Group in Taiwan.
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