Hitachi chooses Pakistan for breakthrough in emerging electric bus charger market

TOKYO – Hitachi will help build a charging infrastructure for electric buses in Pakistan, as part of the Japanese industrial group’s search for contracts in this sector in South Asia and the Middle East, Nikkei has learned.

Hitachi ABB Power Grids, a Tokyo-based subsidiary of Blue Chip, sees emerging markets as an important testing ground for its charging system, which replenishes bus batteries not only at terminals, but also in rapid bursts every time. stop.

Demand for electric buses is expected to increase as Asian countries seek to temper urban sprawl with low-carbon technology. By 2030, 3 to 5 million electric buses will be in service worldwide, up from around 500,000 in 2019, according to forecasts by the International Energy Agency.

In Pakistan, Hitachi ABB Power Grids will work with local bus company Daewoo Express and Chinese electric bus maker Sky-well New Energy Automobile Group to build a network. The Hitachi unit has entered into a preliminary agreement to provide charging infrastructure for this effort.

Sky-well will supply buses built outside Pakistan to Daewoo Express, with a view to eventually assembling them in the country.

In the Middle East, Hitachi ABB Power Grids will team up with another Chinese bus manufacturer, Yinlong Energy. Charging equipment should be constructed to withstand scorching daytime temperatures and sandstorms.

Emerging markets are home to many cities with underdeveloped urban transport, giving them a unique opportunity to jump straight to the most advanced zero emission technology.

Hitachi aims to eventually transfer the know-how acquired in these countries to projects in advanced economies.

The company isn’t the only Japanese player seeking overseas growth in electric buses. Mitsui & Co. and Sumitomo Corp. have called on their own international partners in this area.

Shares of Tokyo-listed Hitachi, whose business spans power grids, trains, factory automation and household appliances, hit a roughly 20-year high in Tokyo on Friday, thanks to forecasts that the company is heading for a record net profit for the second year in a row.

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Jun Quentin

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