logo
New Delhi

Technology

Honda, Hitachi Join Hands To Make Electric Motors
car&bike Team
Feb 8, 2017, 5:48 PM
Honda Motor Company and Hitachi Automotive Systems have announced plans for a joint venture to build electric motors for vehicles. The companies signed a memorandum of understanding and they plan to announce concrete plans in March 2017, with the new company established in July. Fifty one per cent of the new company will be owned by Hitachi Automotive Systems and 49 per cent by Honda, with the partners investing $44.5 million in the project.
1 Min