According to the source, Hitachi plans to build new factories for the production of components for electric vehicles in Japan, the United States and China by the end of next year. The Japanese automaker expects to increase its production capacity by about six times during this time, strengthening its position as a leading supplier of key parts.
The electric vehicle engine plant will be located in the US state of Kentucky, while the inverter plants will be located in Miyagi Prefecture in Japan and Guangdong Province in China. With their commissioning, Hitachi will be able to produce not one million motors and inverters in total, as now, but several million units of each type of product. The same production lines will also produce parts for hybrid vehicles.
The Japanese tech giant is the largest electric motor manufacturer in the world, accounting for about 10% of all shipments. In the inverter market, Hitachi also has a share of about 10%, but there this figure corresponds to the third place.
Hitachi supplies auto parts primarily through its subsidiary Hitachi Astemo, which was formed at the beginning of the year by combining Hitachi’s auto business with three parts manufacturers affiliated with Honda Motor. It is expected that 40% of Hitachi Astemo’s sales will come from Honda and about 10% from the Nissan Motor-Renault alliance.
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