Hitachi in high speed train deal
Hitachi is expected to sign a high-speed railway project deal in the UK worth more than 500bn yen (£3.38bn), as the electronics conglomerate steps up its efforts to push into overseas markets.
Hitachi, which earns the bulk of its sales from making bullet trains, will sell hybrid rail cars powered by lithium ion batteries and diesel engines under the deal.
The deal, which could be signed within this fiscal year, includes supplying all 1,400 rail cars, providing maintenance and developing operational systems.