Home / automotive / Honda, Hitachi Automotive to form EV motor joint venture according to : Yahoo

Honda, Hitachi Automotive to form EV motor joint venture according to : Yahoo

as mentioned in Hitachi Automotive Systems is a wholly owned subsidiary of Hitachi Ltd and longtime supplier of components including engine and brake parts to Honda.
Honda Chief Executive Officer Takahiro Hachigo (R) and his Hitachi Automotive counterpart Hideaki Seki shake hands at a photo session after their news conference in Tokyo, Japan, February 7, 2017.
The venture will be established in July with an investment of 5 billion yen ($44.69 million), and will be 51 percent owned by Hitachi Automotive Systems Ltd and 49 percent held by Honda, the two companies said.
REUTERS/Kim Kyung-HoonBy Naomi TajitsuTOKYO (Reuters) – Honda Motor Co Ltd and Hitachi Ltd’s auto parts subsidiary plan to form a joint venture to develop, produce and sell motors for electric vehicles (EV), joining forces to better compete in the highly specialized “green” car segment.
Other customers include Toyota Motor Corp, Ford Motor Co and Volkswagen AG .

Honda, Hitachi Automotive to form EV motor joint venture

according to

Honda, Hitachi Automotive to form EV motor joint venture

according to Hitachi Automotive Systems is a wholly owned subsidiary of Hitachi Ltd and longtime supplier of components including engine and brake parts to Honda.
Honda Chief Executive Officer Takahiro Hachigo (R) and his Hitachi Automotive counterpart Hideaki Seki shake hands at a photo session after their news conference in Tokyo, Japan, February 7, 2017.
The venture will be established in July with an investment of 5 billion yen ($44.69 million), and will be 51 percent owned by Hitachi Automotive Systems Ltd and 49 percent held by Honda, the two companies said.
REUTERS/Kim Kyung-HoonBy Naomi TajitsuTOKYO (Reuters) – Honda Motor Co Ltd and Hitachi Ltd’s auto parts subsidiary plan to form a joint venture to develop, produce and sell motors for electric vehicles (EV), joining forces to better compete in the highly specialized “green” car segment.
Other customers include Toyota Motor Corp, Ford Motor Co and Volkswagen AG (VOWG_p.DE).

about the details read more from here

collected by :Ema Jakop

visit us Electronic car

About automotive

Avatar for automotive

Check Also

picture.jpg

Foreign Exchange Headwinds Continue to Blow Against Penske Automotive stat : Host Madison

according to Click on the button below to set up your account or log in …