ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Japan-Update

Hitachi, Panasonic floor it with spending on self-driving tech

Conglomerates boosting investment amid cross-industry effort

Panasonic concept art imagining the potential of driverless cars.

TOKYO -- Hitachi and Panasonic are investing more in businesses linked to next-generation automobiles as Japanese companies seek to fill a range of technological niches in the journey toward autonomous vehicles.

Hitachi will spend roughly 500 billion yen ($4.38 billion) in the technology by fiscal 2018 -- 20% more than it did in the three years ended fiscal 2015 -- while Panasonic is increasing production of electric-vehicle batteries. They will likely pour more than 1 trillion yen into the field, exceeding their total for the past three years by roughly 30%. They are turning to the automotive sector as they reshuffle portfolios and priorities.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more