Japan’s Nidec Corporation and Brazil’s Embraer have recently announced an agreement to establish a joint venture company, called Nidec Aerospace LLC to develop Electric Propulsion Systems for the aerospace sector. “The transaction combines the complementary synergies and distinct areas of expertise of two world-class engineering companies to spearhead a new era of air mobility”, Nidec informs.
The joint venture will develop and manufacture the Electric Propulsion System for electric Vertical Take-Off Landing (eVTOL) vehicles, with the aim of providing the system to non-eVTOL vehicles in the future.
Nidec Aerospace will be jointly owned, with Nidec owning a 51% share and Embraer the remaining 49%. The headquarters, located at Nidec Motor Corporation (NMC) in St. Louis, Missouri, USA, will be supported by both companies’ existing industrial footprint in Brazil and Mexico.
“Technological innovation will be a key contributor to the International Civil Aviation Organization (ICAO)’s commitment to carbon neutrality by 2050. The JV is a natural extension of both companies’ respective and continual investments in green technologies across multiple industries to accelerate global carbon neutrality.” said Michael Briggs, Senior Vice President and President of the Motion & Energy Business Unit, at Nidec.
The companies expect their transaction to close at the second half of 2023.
