Hitachi Construction Machinery Holds Opening Ceremony at ZERO EMISSION EV-LAB Research Facility for Collaborative Creation of Zero Emission Work Sites

Tokyo, May 27, 2024 –On May 27, Hitachi Construction Machinery Co., Ltd. (TSE: 6305, President and Executive Officer: Masafumi Senzaki; “Hitachi Construction Machinery”) held an opening ceremony for ZERO EMISSION EV-LAB ("EV-LAB"), a research facility aimed at promoting collaborative creation with customers and partners to achieve zero emissions at work sites.

The opening ceremony was attended by Shinsuke Minami, President and Representative Director, COO of Isuzu Motors Limited ("Isuzu"), along with Hiroyuki Tsubai, Member of the Board and Executive Vice President of ITOCHU Corporation ("ITOCHU"), Kouji Kurayama, System Integrator for production and sales of lithium-ion battery packs business  at the Incubation Lab in the Corporate Strategy Division of Kyushu Electric Power Co., Inc. ("Kyushu Electric Power"), as well as partners and others involved in the work associated with the products provided at EV-LAB.

Speaking at the ceremony, President and Executive Officer Masafumi Senzaki said, "We have launched EV-LAB to demonstrate business models for the electrical machinery and solution business. The facility is designed around the concept of recreating a construction site located in Oslo, Norway, which is leading the world in the transition to electrification. By utilizing the electrically powered construction machinery and equipment provided at EV-LAB, we will develop new solutions for visualization, and power management with a particular focus on customer work sites as the starting point through the realization of a digital twin of the charge-to-use cycle."

ZERO EMISSION EV-LAB consists of a demo area to simulate sites where electrically powered construction machinery and equipment are in operation, as well as a communication area for exchanging opinions and brainstorming new ideas. The demo area will feature battery-powered excavators (5-tonne, 8-tonne, and 13-tonne models) manufactured by the Hitachi Construction Machinery Group, as well as mobile energy storage systems, electrically powered crawler carriers, compact EV trucks, and other related construction equipment. The communication area, which will feature panel exhibits and simulation videos of zero emission work sites, will serve as a venue for collaborating with customers and partners from around the world to develop new solutions. Furthermore, ITOCHU, Isuzu, Kyushu Electric Power, and other EV-LAB partners will work together to promote the establishment of business models.

Going forward, the Hitachi Construction Machinery Group will continue to accelerate its efforts to achieve zero emissions in all operations at construction sites in collaboration with customers and business partners.

Outline of ZERO EMISSION EV-LAB

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About Hitachi Construction Machinery Co., Ltd.

Hitachi Construction Machinery Co., Ltd. (TSE: 6305), headquartered in Tokyo, Japan, is a construction machinery manufacturer which globally deploys development, manufacturing, sales, and service businesses for its hydraulic excavators, wheel loaders, compaction equipment, and mining machinery, etc. In addition to its new machinery business, Hitachi Construction Machinery is expanding its "value chain businesses" of parts and services, remanufacturing (parts and machines), rentals, and used equipment as it aims to grow together with customers as a true solutions provider that offers innovative solutions to customers. With roughly 26,000 employees around the world, the consolidated sales revenue for Hitachi Construction Machinery was 1,405.9 billion yen for fiscal year 2023 (ended March 2024) with an overseas sales revenue ratio of 84%. For more details, please see the company's website.

Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.