BYD and Hino set up new company in China for commercial battery electric vehicles development.
BYD & Hino Joining Hands to Achieve Low-Carbon Societies
This new venture is scheduled to be established within China in 2021, with BYD and Hino each making a 50 per cent capital investment. It will combine the strengths of both companies to develop BEVs and electric units and will aim to quickly implement the ideal products for customer needs, primarily in the Asian market. The venture plans to initially launch vehicles under the Hino brand in the first half of the 2020s.