Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 3 July 2017, 15:19 HKT/SGT
Share:
    

Source: Honda Motor Co, Ltd
Hitachi Automotive Systems and Honda Establish Joint Venture for Electric Vehicle Motors

TOKYO, July 3, 2017 - (JCN Newswire) - Hitachi Automotive Systems, Ltd. and Honda Motor Co., Ltd. today 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.


http://www.acnnewswire.com/topimg/Low_HondaAutomotive7317.jpg

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.

The new company will respond to the growing global demand from automakers for electric vehicle motors by developing competitive motors that combine the expertise of the two companies.

About Hitachi Automotive Systems, Ltd.

Hitachi Automotive Systems, Ltd. is a wholly owned subsidiary of Hitachi, Ltd., headquartered in Tokyo, Japan. The company is engaged in the development, manufacture, sales and services of automotive components, transportation related components, industrial machines and systems, and offers a wide range of automotive systems including engine management systems, electric power train systems, drive control systems and car information systems. For more information, please visit the company's website at http://www.hitachi-automotive.co.jp/en/.


Contact:
Honda
Media Inquiries
corporate_pr@hm.honda.co.jp
+81-3-5412-1512


Topic: Press release summary
Source: Honda Motor Co, Ltd

Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Honda Motor Co, Ltd Links

http://www.honda.com

https://plus.google.com/110355594819754396833

https://www.facebook.com/HondaJP

https://twitter.com/HondaJP

https://www.youtube.com/user/HondaJPPR

https://jp.linkedin.com/company/honda

Honda Motor Co, Ltd
July 31, 2025 10:20 HKT/SGT
Honda Launches All-New Prelude Teaser Page Ahead of Scheduled September 2025 Market Introduction
July 30, 2025 17:24 HKT/SGT
Production, Sales and Export Results for June, 2025
July 24, 2025 11:03 HKT/SGT
Honda Reveals Details of its Support of the World Athletics Championships Tokyo 25
July 18, 2025 10:06 HKT/SGT
Honda Koraidon First Showrun during Suzuka 8 Hours
June 30, 2025 18:25 HKT/SGT
Six Companies Establish BlueRebirth Council to Expand Use of Recycled Materials in New Vehicles
June 30, 2025 18:20 HKT/SGT
Honda Changes Plan to Build New Production Plant for Next-generation Fuel Cell Module in Japan
June 26, 2025 12:30 HKT/SGT
Honda Opens "Honda Software Studio Osaka" as New Software Development Operation
June 26, 2025 12:29 HKT/SGT
Honda Issues "Honda ESG Report 2025"
June 17, 2025 16:45 HKT/SGT
Honda Celebrates 60th Anniversary of First F1 Victory with Special Events Program
June 16, 2025 15:37 HKT/SGT
Honda Teams to Compete in 2025 FIM Endurance World Championship "Coca-Cola" Suzuka 8 Hours Endurance Road Race 46th Tournament
More news >>
 News Alerts
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: