In April 2010, Hitachi constructed the G1TOWER, the world's tallest elevator research tower (at the time) reaching 213.5 meters above ground in Japan, to respond to growing demand for high-speed, high-capacity elevators in the global elevator and escalator market.

In September 2019, an elevator with a speed of 1,260 m/min, which was developed and tested at the G1TOWER and delivered to Guangzhou CTF Finance Centre, a skyscraper complex building in Guangzhou, China, received the title as the world's fastest elevator. The newly completed H1 TOWER will play an important role in collaboration with the G1TOWER in facilitating Hitachi's global elevator and escalator development strategy, and address a range of market needs in China and globally.

Moving forward, Hitachi will continue to utilize cutting-edge digital technology broadly to develop products and services and globally provide safe, secure and comfortable elevators and escalators as well as services that help resolve customers' various issues in urban spaces to contribute to the realization of a sustainable society. 

According to marketgreener.com