Hitachi and Honda stated Wednesday they will merge four auto parts suppliers under a new company to boost competitiveness amid a multitude of challenges and opportunities created by the emergence of autonomous and electric vehicles.
The plan is in response to the intensifying race to develop next-generation technologies for so-called CASE, connectivity, automation, sharing and electrification, applications.
The merger involves Hitachi Automotive Systems, a wholly owned subsidiary of the electronics giant, as well as Keihin, Showa and Nissin Kogyo, which are under Honda’s wing.
Full Content: Bloomberg
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