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Hitachi
Hitachi Automotive Systems and Honda Establish Joint Venture for Electric Vehicle Motors



July 5, 2017

Hitachi Automotive Systems, Ltd. and Honda Motor Co., Ltd. announced the establishment of a joint venture company for the development, manufacture and sales of motors for electric vehicles on the premises of Hitachi Automotive Systems in Hitachinaka-shi, Ibaraki Prefecture.

As announced on February 7, 2017, the two companies have conducted discussions based on a Memorandum of Understanding signed on February 3, and entered into a joint venture agreement on March 24 to make more tangible preparations to establish the new company. The newly established company will receive a financial grant from Ibaraki Prefecture as it has been recognized as a relevant project that "promotes the establishment of corporate head office functions" within the prefecture.

Click here to read the full press release.

For more information :

Organization:
Hitachi, Ltd.
www.hitachi.com

             

Link http://www.globalrenewablenews.com/detail_news.php?ID=646777
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