Honda Motor Co. the Japanese Automaker has now joined hands
with Hitachi Automotive Systems for making, developing as well as selling
motors for EV i.e. Electric vehicles. Yes, the companies are of the opinion
that since global warming is on a rise, this move will surely help in curbing
it; as a result of it, Hitachi and Honda have signed a deal and wish to curb
the concerns. The agreement was announced today and this is great news
for the industry.
Honda as we
all know is into making of electronic motors and has some fuel-cell vehicles in
the pipeline; some hybrids too are on its way. Now, there are plans of an EV
sale this year and it would be hosted mainly abroad. Hitachi on the other hand,
is Tokyo Based and in the past too, it has supplied several electric motors to
other biggies including Nissan Motor Co., the maker of Leaf electric car and
the U.S based General Motors Co.
This deal is
indeed a great opportunity for Honda to take part in electric cars. As of now,
the joint venture has not been named; according to the deal, Hitachi will own
51 percent of it in the sales and manufacturing options in the China and US,
said the companies.
Since the
regulations of Global environment are going to be tightened, the demand for
Electric vehicles is going to be pushed up. The capital invested in this joint
venture is 5 billion yen and is based in the city “Hitachinaka”, the one based
in North of Tokyo.
The
establishment of this venture would happen in the month of July; as we said
before, 49 percent will be held by Honda. The main concentration would be
motors that will be used in battery electric cars, plug in hybrids, petrol
hybrids etc. Hitachi LTD owns Hitachi Automotive Systems and since long, it has
been supplying various brake parts and engines.
With this
tie-up, the willingness of Honda to cooperate with another industry player is
highlighted; these low-emission cars are going to be great for the environment.
Last week too Honda had announced that it would team up with GM for
producing power systems that run on hydrogen fuel.
Original
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