Hitachi Ltd. announced the long-term plan for the automotive equipment business on December 16. Hitachi Kawada, Group Leader and Chief Executive Officer of the Automotive Systems Group at Hitachi Ltd., stated at the press conference that “In the future, we will be working on the development of hybrid car parts and system services related to telematics systems. Market, so that the entire Hitachi Group and automotive equipment related business turnover reached 1 trillion yen (approximately RMB 75 billion) by 2010.
It is estimated that the sales volume of Hitachi Automotive-related business in 2003 will be approximately 500 billion yen (approximately RMB 37.5 billion). This means that the turnover for 2010 will be doubled on this basis. In 2010, the target operating profit margin of the entire group was 7%. The year 2002 performance was 5.5%. It is expected that in 2003, it will reach approximately 3% including R&D expenses. Hasegawa said, "The current research target product is expected to be put into practical use around the middle of 2008 and begin mass production, so it is entirely possible for the 2010 target to achieve a 7% target profit margin."
In the field of engine control equipment business, Hitachi Ltd. is committed to developing control systems for direct-injection gasoline engines, developing hybrid vehicle drive systems, and developing travel control systems such as millimeter-wave radars and cameras. Hasegawa said, “The Shinkansen technology can be applied to the development of hybrid electric motor parts and inverters, and the proprietary technology in the bionic field of gas turbines (Gas Turbine) can be applied to the development of fuel-efficient direct injection engines.â€
Hitachi Ltd. stated that the company's domestic sales of its engine components include, for example, electronically controlled jet engine fuels, engine valve ignition timing units, and pistons, ranking second, and sales of electric devices such as engine starters ranking Japan. The third place in the country.