Nidec Corporation and Embraer have announced a joint venture called Nidec Aerospace LLC to develop electric propulsion systems for the aerospace industry. The partnership combines Nidec’s expertise as a leading motor manufacturer with Embraer’s aerospace experience to create next-generation electric propulsion systems suitable for more efficient and environmentally friendly aircraft models.
The joint venture will initially focus on electric vertical take-off and landing (eVTOL) vehicles and aims to expand its offerings to non-eVTOL vehicles in the future. The joint venture will be majority-owned by Nidec with a 51% stake, while Embraer will hold the remaining 49%. The headquarters will be located in St. Louis, Missouri, USA, with support from existing industrial footprints in Brazil and Mexico.
The joint venture is seen as a significant step toward carbon neutrality in aviation and is subject to regulatory approvals and customary closing conditions, with a target to close in the second half of 2023. Eve Air Mobility, an eVTOL manufacturer, will be the launch customer for the electric propulsion systems developed by the joint venture.
This post was published on 19 June 2023 10:37
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