Honda and Hitachi Automotive Systems have announced plans to establish a joint venture company for the development, manufacture and sales of motors for electric vehicles. The two companies have signed a memorandum of understanding and will proceed to conduct formal discussions towards establishing the new company, with a definitive agreement set to be inked at the end of March.
The as-yet-unnamed company will be established in July, with the Hitachi holding 51% of the investment, and Honda the remaining 49%. Subsidiary operations of the new Japan-based JV are planned for the US and China, each with manufacturing and sales functions.
Together with the establishment of these operations, the new company will expand the global supply of motors, both to Honda and other automakers.
The companies say that with the market for electric vehicles expected to continue to grow, the collaboration will strengthen their competitive advantage and business foundation for the development of motors, which is the core of an electric vehicle system.
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Interesting dynamics, synergistic symbiosis. Tapping into the future. It will be the long game for this JV but kudos to both companies for having the foresight.
Whilst the whole world is moving forward to EV and hybrid and forming companies to make electric motors, our two Perodua and Proton still syiok sendiri with their outdated technology.
Here in Malaysia, we are at a stage where we have to even fight for basic safety features like ABS and VSC in our vehicles, whatmore asking for electric and hybrid.
The name of the company has been finalised…it is called HONDACHI…hait
The only person who makes noise is you…you are the only only one who complaints a lot…the only person with the most annoying comments…irritating to the max…and another thing dont try to put words into other peoples mouth…nobodys interested to be your yes man…this website is so much better without you around…such a sick person…
dont just blame the company. they profit oriented body. ask the gomen.. miros.. jpj..spad who should protect the people.
When is the turn for proton perodua and pensonic to form electric motor company?
Proton + Pensonic = Prosonic
Perodua + Pensonic = Pensodua
Hahaha!
– Ha Ha Ha…. Dream some more … Martin L. King once declared that he had a dream…
– When that happens, … that joint venture company will be known as… “TerokDua”,…. and the technology would be close to … Obsolete …
Swatch Group signed contract with China’s Geely for battery…proton will use swatch battery in next few year…good
@Kunta Kinte what I meant in my earlier post that Malaysia is fast becoming a dumping ground for old technology.