Tokyo, Japan - Hitachi Automotive Systems Ltd., and Honda Motor Co. have signed of a Memorandum of Understanding (MoU), aiming to establish a joint venture company for the development, manufacture and sales of motors for electric vehicles. The two companies now will conduct formal discussions regarding the establishment of the new company.
Since Hitachi Automotive Systems first started selling motors for electric vehicles in 1999, it has been refining its technological and product capabilities to develop high-output, lightweight and compact electric vehicle motors. The company has delivered a high volume of these motors to vehicle manufacturers in Japan and throughout the world, and has earned high praise throughout the industry for the performance of these products and its production technology.
Since 1999, when Honda launched its first hybrid car, Insight, the company has focused on expanding its electric vehicle line-up as it continues to enhance its technological and production capabilities with respect to the motors that form the core component of electric vehicles.
Going forward, with environmental conservation measures and regulations increasing on a global scale, the market for electric vehicles is expected to continue to grow. Based on this direction, the two companies signed the MoU with the aim of using the collaboration between a vehicle manufacturer and supplier to generate technological synergy and economies of scale that will strengthen their competitive advantage and business foundation for the motors at the core of an electric vehicle system.
Subsidiary operations of the new Japan-based joint venture are planned for the United States and People’s Republic of China, each with manufacturing and sales functions. Together with the establishment of these operations, the new company will expand the global supply of motors by creating a robust response to demand from Honda and other vehicle manufacturers.
In parallel to the efforts of the new company, Hitachi Automotive Systems will continue to promote its business operations by maintaining the business relationships it has with vehicle manufacturers that receive their supply of motors from the company. Moreover, Honda will continue to focus on the global promotion of electric vehicles by using motors from the new company as well as the motors it currently manufactures itself in Japan.
Further details of the joint venture are currently under discussion by the two companies. The following are items that are currently part of the plan:
1. Overview of the Joint Venture Company (planned)
Name of company: To be determined
Location: 2520 Takaba, Hitachinaka City, Ibaraki Prefecture.
Representative: To be determined
Business: Development, manufacture and sales of motors for electric vehicles
Capital: 5 billion yen
Planned date of establishment: July 2017
Investment ratio: Hitachi Automotive Systems, Ltd. 51%
Honda Motor Co., Ltd. 49%
2. Future schedule
The signing of the definitive agreement for the establishment of the joint venture company is planned for the end of March 2017.
Source: Hitachi Automotive Systems Ltd.
Georgetown, Kentucky - Creform Corp., manufacturer of adaptive material handling systems such as workstations, flow racks, carts and AGVs has taken ownership of its newly constructed production and administration facility. An official grand opening will be held later this year. The facility, in Georgetown, Kentucky, puts Creform close to its many large customers in the region and provides a pivotal location between its Greer, SC headquarters and Novi, MI Tech Center.
In celebration of the new building, veterans that work for Creform in Kentucky held a traditional flag raising ceremony hoisting the flags of both the United States and the Commonwealth of Kentucky. The 38,000 sq.ft. facility will house engineering, manufacturing, sales, administration and a showroom for its many products. It will also provide ample room for demos and customer trials. The new location was critical to the company’s expanding AGV business in this geographic area and will allow the company to rapidly respond to customers. The AGV business for Creform continues to realize great growth and potential.
It is anticipated that the location will eventually house approximately 25 associates in all phases of the operation.
The Creform System is used to create an array of material handling and efficiency enhancing devices and is a proven component in continuous improvement and lean manufacturing programs. The company partners with customers in developing and implementing these programs.
New York, New York - The global automotive sensors market is poised to grow at a compound annual growth rate (CAGR) of around 8.4% over the next decade to reach approximately $48.3 billion by 2025. Some of the trends that the market is experiencing include need for fuel efficient and reduction for carbon footprint, growing adoption of automotive cruise control systems, developing fully autonomous and semi autonomous automobiles and emerging technologies like combo sensors and wafer-level packaging technologies.
Depending on application, market is divided into chassis, body electronics, exhaust, powertrain, safety and control, telematics, vehicle lighting control and ignition control applications, and other applications.
Based on sensor type the market is categorized into inertial sensors, image sensors, nox sensor, oxygen sensors, pressure sensors, temperature sensors, position sensors, level sensor, torque sensor and other sensors. inertial sensors segment is subdivided into gyroscopes and accelerometers. the image sensors segment is further broken down into charge-coupled device (ccd) and complementary metal-oxide semiconductor (cmos). other sensors segment is diverged into particulate matter sensors, proximity sensors, radar sensors, rain sensors, relative humidity sensors and ultrasonic sensors
Based on working principle market is segmented into inductive, magnetic, capacitive, piezoelectric and optical.
On the basis of technology, market is categorized into
microelectromechanical systems (mems), non-electro mechanical systems (non-mems), nano-electro-mechanical systems (nems) and hall effect technology. the microelectromechanical systems (mems) technology is subdivided into fuel injector pressure sensor, airbag sensor, roll over detection sensor, vehicle dynamic control (vdc) sensor and throttle position sensor. non-electro-mechanical systems (non-mems) segment is also broken further into magnetic sensor, battery sensor and optical sensor.
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Rest of the World
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2025, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
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Source: Research and Markets
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