views

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 (&pound;3.38bn), as the electronics conglomerate steps up its efforts to push into overseas markets.<br /><br />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.<br /><br />The deal, which could be signed within this fiscal year, includes supplying all 1,400 rail cars, providing maintenance and developing operational systems.