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ELECTRONICS | Electrical Product Distribution / Power Generation & Storage
hitachi-ve.co.jp

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Founded Year

2004

Stage

Acquired Unit | Acquired

About Hitachi Vehicle Energy

Hitachi Vehicle Energy is involved in the marketing and development and manufacturing of lithium-ion batteries for Hybrid-Electric vehicles.

Hitachi Vehicle Energy Headquarter Location

1410 Inada Hitachinaka-shi

Ibaraki,

Japan

Latest Hitachi Vehicle Energy News

Maxell : Announcement about completion of establishment of consortium through joint investment in Hitachi Vehicle Energy, Ltd. and related matters

Mar 29, 2019

0 Message : Contact: through joint investment in Hitachi Vehicle Energy, Ltd., change of corporate name and executive management Tokyo, March 29, 2019-Maxell Holdings, Ltd. (hereinafter "Maxell", TSE: 6810), INCJ, Ltd. (hereinafter "INCJ") and Hitachi Automotive Systems, Ltd. (hereinafter "Hitachi Automotive Systems", and Maxell, INCJ and Hitachi Automotive Systems hereinafter collectively referred to as "the Joint Investors") announced today about completion of establishment of consortium through joint investment in Hitachi Vehicle Energy, Ltd. as previously announced in the relevant news releases on December 25, 2018, and have changed its corporate name to Vehicle Energy Japan Inc. 1 (hereinafter "Vehicle Energy Japan"). Although no changes have been made on total investment amount, investment ratio and voting rights holding ratio, the Joint Investors have changed the way of investment employing a special purpose company (hereinafter "the SPC"). The Joint Investors are determined to enhance the corporate value of Vehicle Energy Japan and to develop it into a leader of Japanese battery industry. 1. Profile of Vehicle Energy Japan (1) 2.Hiroshi Ikeuchi retired from office of Executive Officer of Maxell on March 28, 2019 3.Kazumichi Fujimura retired from office of Director of Hitachi Automotive Systems on March 28, 2019 2.Purpose of change of way of joint investment Relevant parties have come to an agreement to invest in Vehicle Energy Japan through the SPC to facilitate the transactions smoothly and flexibly. 2 3.Future Forecast The influence of change of way of joint investment and establishment of the SPC to the consolidated financial forecast for fiscal year ending March 31, 2019 of the Maxell Group will be insignificant. Maxell will announce immediately when matters must be disclosed arise. Before completion of the transactions After completion of the transactions Hitachi

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Expert Collections containing Hitachi Vehicle Energy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Hitachi Vehicle Energy is included in 2 Expert Collections, including Auto Tech.

A

Auto Tech

822 items

Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.

E

Energy Storage

1,017 items

This collection includes electric vehicle batteries, batteries to store energy in, and consumer electronics.

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