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Rolls-Royce Invests in Electric Drive Technology
Rolls-Royce announced it has continued its development strategy in electrical systems by concluding an exclusive licensing agreement with Magnetic Systems Technology Ltd, a company specialising in power dense electric drives, permanent magnet motor systems and power electronics. As part of this agreement, Rolls-Royce is also taking a minority shareholding in Magnetic Systems Technology Ltd.
Under the agreement, Rolls-Royce will assist in the development of electric drive systems, and provide manufacturing and marketing expertise for customers in aerospace, defence, marine and energy markets, including hybrid electric military vehicles. Hybrid-electric drive vehicles combine conventional engines and electric motors and can provide benefits such as increased power, improved fuel economy and auxiliary power for electronic systems on-board the vehicle.
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