Hitachi Automotive Systems, Ltd. and Honda Motor Co., Ltd. have 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.
The newly established company will receive a financial grant from Ibaraki Prefecture as it has been recognised 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.
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