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Nidec Corp (OTC: NJDCY) agreed to discuss a joint venture (JV) with Hon Hai Technology Group, better known as Foxconn Technology Co Ltd (OTC: FXCOF), and Foxtron Vehicle Technologies Co., Ltd. On March 18, 2021, Nidec signed a memorandum of understanding with Foxtron regarding its strategic alliance in developing electric vehicle (EV) drive systems.
...read full article on Benzinga
