eVTOL Electric Propulsion Systems Business Through a Joint Venture with Embraer

「The purpose of establishing this joint venture is to bring together the world-class technologies held by both companies and expand the possibilities for next-generation air mobility. As the world's No. 1 comprehensive motor manufacturer, we will provide the joint venture with technology and expertise related to drive motors that lift and propel the airframe of electric vertical takeoff and landing aircraft (eVTOL). Embraer, which has more than 50 years of history as an aviation solutions provider, will provide control technology for monitoring motor condition and coordinating with peripheral equipment. By leveraging the two companies' advanced technologies, the joint venture will develop, manufacture and sell electric drive systems for eVTOL aircraft, and plans eventually to provide electric drive systems not only for eVTOL aircraft but also for various types of electric aircraft. Overview of the joint venture: Name: Nidec Aerospace LLC; Head office: St. Louis, Missouri, USA; Established: 15 June 2023; Expected shareholding: NMC 51%, Embraer 49%.」

「The two companies recognize the strategic importance of eVTOLs in the urban air mobility market and plan to develop, manufacture and sell electric propulsion systems for eVTOLs by combining the control technology of Embraer S.A., which has expertise in the aircraft industry, with the Company's motor technology.」