Honda Just Joined Forces With Hitachi For A £34m Electric Motor Venture

Like it or not, it seems inevitable that the future of cars will revolve around electric motors. So, this latest move from Honda shouldn’t come as much of a surprise.

It’s just established a joint venture company with Hitachi Automotive Systems (HAS), which will result in the “development, manufacture and sales of motors for electric vehicles.” The deal follows a ‘memorandum of understanding’ signed back in February, and a joint venture agreement made in March.

The companies have put five billion yen (£34 million) into the company, with HAS taking a controlling 51 per cent stake. The work on the motors will all be done at Hitachi Automotive’s base in Hitachinaka-shi, Ibaraki Prefecture.

The news comes a few weeks after it was suggested the next NSX might go all electric. Around the same time, Honda announced its intentions for two thirds of its line-up to be made up of electric vehicles via its ‘2030 Vision’ plan.