FARMINGTON HILLS, Mich., July 27, 2021 /PRNewswire/ — A major new technology company with ambitious growth and environmental goals entered the automotive marketplace in 2021.
Hitachi Astemo was created on January 1, 2021, from the merger of Hitachi Automotive Systems with three former Honda affiliates: Nissin Kogyo, Keihin and Showa. Hitachi Ltd. owns a 66.6 percent share of the new auto supplier with Honda holding 33.4 percent.
The company has the scale, technical depth and software capabilities to make significant contributions in rapidly changing mobility technology areas such as safety, electrification, comfort and sustainability.
Hitachi Astemo’s major goals include:
- Carbon neutral production lines by fiscal 2030;
- Global leadership in electric motors and inverters with annual production targets of five million units for each and,
- Generating economic value aiming for approximately $18 billion in sales and 15 percent EBITDA in fiscal…