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September 7, 2020

Hitachi establishes new electric motor business in US

Hitachi Automotive Electric Motor Systems Ltd has established Hitachi Automotive Electric Motor Systems America.

By Olly Wehring

Hitachi Automotive Electric Motor Systems Ltd has established Hitachi Automotive Electric Motor Systems America.

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The new company, headed by president Shingo Nakamura, is based in Kentucky and will develop, manufacture and sell electric vehicle motors.

The new company will use existing office and manufacturing facilities, in Berea City, owned by Hitachi Automotive Systems .

Full production is expected to start in 2022 dependent on the effects of COVID-19.

"The establishment of this new company will further strengthen Hitachi Automotive Electric Motor Systems' business foundation in the expanding electric vehicle market and respond to growing demand for electric vehicle motors in the US," Hitachi said.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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