Honda and Hitachi form EV motor joint venture
Honda and Hitachi have formed a £34m joint venture company, which will develop and manufacture motors for the growing global electric vehicle market.
Honda and Hitachi will co-develop motors and supply them to other carmakers.
Honda has a 49% stake in Hitachi Automotive Electric Motor Systems, which will be based at Hitachi’s premises in Ibaraki Prefecture, Japan. The two companies have longer-term plans to add manufacturing and sales facilities in the United States and China.
The joint venture is said to take advantage of technological synergies between the two companies; Honda launched its first hybrid, the Insight, in 1999, which is the same year Hitachi brought its first electric vehicle motors to market. Products developed under the joint venture will be offered to other carmakers.
For more of the latest industry news click here.
Alex Grant
Trained on Cardiff University’s renowned Postgraduate Diploma in Motor Magazine Journalism, Alex is an award-winning motoring journalist with ten years’ experience across B2B and consumer titles. A life-long car enthusiast with a fascination for new technology and future drivetrains, he joined Fleet World in April 2011, contributing across the magazine and website portfolio and editing the EV Fleet World Website.
