Nidec and Embraer team up for flying car parts and electric propulsion.
TL;DR
Nidec and Embraer are forming a joint venture called Nidec Aerospace to manufacture parts for flying cars. The new company will be based in St Louis and will utilize existing factories of both firms in Brazil and Mexico. Nidec will hold a 51% stake in the company, while Embraer will hold 49%. No mention was made of the capital amount in the statement.
- Nidec to form joint venture with Brazil's Embraer to make flying car parts Reuters
- Embraer Enters JV With Nidec To Develop Electric Propulsion For eVTOLs Simple Flying
- Japan's Nidec to enter flying vehicle motor business The Japan Times
- Eve, Blade to expand 'flying car' partnership to Europe Reuters
- Embraer plans joint venture with Nidec to develop electric propulsion Flightglobal
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