TRATON and Hino Motors have signed a joint venture agreement for e-mobility. The companies announced that they will combine their unique strengths to develop electric vehicles including battery electric vehicles (BEV), fuel cell vehicles (FCV), and relevant components as well as creating common EV platforms including software and interfaces.
TRATON SE is a subsidiary of Volkswagen AG and a commercial vehicle manufacturer while Hino, is a Japanese manufacturer of commercial vehicles and diesel engine.
They will form a team of advanced specialists from both companies and launch activities in Södertälje (Sweden) and in a second step in Tokyo (Japan). The companies will work to shorten lead times for future e-mobility products with battery and fuel cell technology. The two companies are convinced that both technologies will be needed in the future.
Back in 2018, Hino and TRATON signed an agreement, aiming for a mutually beneficial strategic long-term partnership. Based on their shared principle of offering customers the highest value possible, they established a procurement joint venture in 2019, and have now solidified their collaboration in e-mobility. Both companies have agreed to explore each other’s capabilities and investigate further possibilities to collaborate in other future fields of technology.