Honda has increased its stake in Astemo, an automotive systems supplier, as part of a capital restructuring aimed at positioning the company for the software-defined vehicle era. The move will enhance collaboration between Honda and Astemo to integrate software and hardware across in-car systems and cloud engineering. Hitachi will continue supporting Astemo's AI and software development through digital technology expertise. The company plans to pursue an initial public offering whilst focusing on mobility electrification and AI-driven intelligence. Astemo employs over 80,000 people globally across the Americas, Asia, Europe and Japan, operating divisions for electrification, vehicles and motorcycles. The restructuring aims to establish Astemo as a leading provider of integrated vehicle systems rather than individual components.

JIC Capital, the private equity unit of Japan Investment Corporation (JIC), has agreed to take a 20% stake in automotive components manufacturer Hitachi Astemo as part of a restructuring that will see Hitachi cede majority ownership.