# Hitachi Automotive Systems to form joint venture with Keihin, Showa and Nissin Kogyo

Hitachi Automotive Systems will establish a new joint venture with Keihin Corp, Showa Corp and Nissin Kogyo Co., with Hitachi holding nearly 70% and Honda the rest. The new company is expected to become Japan's third-largest auto parts supplier with sales of ¥1.7 trillion.

- Type: Acquisition
- Announced: 2024-01-15
- Where: Japan
- Value: $15.6B
- Status: announced
- Products: auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Keihin Corporation](https://endata.com/companies/1354.md) (target)
- [Hitachi Automotive Systems](https://endata.com/companies/5033.md) (acquirer)
- [Honda Motor Co., Ltd.](https://endata.com/companies/16181.md) (partner)
- [Nissin Kogyo](https://endata.com/companies/24939.md) (target)
- [Showa Group](https://endata.com/companies/41800.md) (target)

## Sources

- [haythink.com](https://www.haythink.com/hitachi-automotive-systems-will-form-a-joint-venture-with-keihin-corp-showa-corp-and-nissin-kogyo-co-japan-second-only-to-denso-and-aisin-precision-the-third-largest-auto-parts-supplier/), 2024-01-15: "Hitachi Automotive Systems will set up a joint venture with Japan's Keihin Group, Japan's Showa Co., Ltd. and Nissin Industrial Co., Ltd., and Hitachi will become the main shareholder of the new company, with a stake of nearly 70%."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.