TRATON and Hino Start a New Joint E-Mobility Venture
Since starting their partnership together in 2018 with a strategic partnership to produce sustainable transport, TRATON and Hino are excited with their new joint venture agreement, which involves pushing for e-mobility products, building new commercial EVs and a growing push towards electrification.
New Technology is the Driving Force for TRATON and Hino
In an exciting new development, TRATON SE and Hino Motors, Ltd. Have signed a joint venture agreement, which offers a push to provide more e-mobility products that will benefit the customers, as well as continuing the companies’ strategic partnership. TRATON and Hino will combine their strengths to consequently develop electric vehicles including battery electric vehicles (BEV), fuel cell vehicles (FCV), as well as other relevant components- They will also continue to create common EV platforms including software and interfaces. They will also expand on their logistics by forming a team of advanced specialists from both companies and launch activities in Södertälje, Sweden and in a second step in Tokyo. TRATON and Hino will team up to shorten lead times for future e-mobility products with battery and fuel cell technology.
Yoshio Shimo, President & CEO of Hino Motors, Ltd., said: "I am delighted that we can follow our procurement joint venture and further embody our synergy with TRATON in e-mobility, helping to reduce global CO2 emissions and fighting global warming. We will combine our strengths as leading commercial vehicle manufacturers to offer EVs with the highest value for customers, through joint planning of commercial EVs."
Matthias Gründler, CEO at the TRATON group echoed these sentiments and said: "TRATON's mission is to carefully balance the interests of People, Planet and Performance. This new joint venture with our strong partner Hino is our next important step in electrification, pushing our mission further ahead." Gründler reiterated the TRATON group's goal to invest 1 billion euros in electrification by 2025.
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, as both companies are convinced that both technologies will be needed in the future.