Nidec and Embraer: Entering the flying car market!
ーEstablished Nidec Aerospace in the U.S. in Septemberー
I will tell you the summary from Nidec’s timely disclosure information.
A look at the Nidec and Embraer press conference: Nidec Executive Michael Briggs (second from left) Embraer CEO Francisco Gomez (second from right)
On June 18, a joint press conference was held with Brazilian aircraft giant Embraer in the suburbs of Paris.
The two companies plan to enter the flying car parts market through a new joint venture.
Nidec and Embraer images:
Established Nidec Aerospace in the United States in September.
Nidec will handle the flying car motors, and Embraer will handle the motor control systems.
https://www.nikkei.com/article/DGXZQOUF172P80X10C23A6000000/
Kyoto, Japan – June 18th, 2023 –
Japan’s Nidec Corporation and Brazil’s Embraer today announced an agreement to establish a joint venture company,
Nidec Aerospace LLC ,to develop Electric Propulsion Systems for the aerospace sector.
To be unveiled at the 54th biennial Paris Air Show,
the JV aims to unlock new opportunities by providing an agnostic portfolio of products and services worldwide,driven initially by the growth of the Urban Air Mobility (UAM) industry.
The JV will develop and manufacture the Electric Propulsion System for 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%.