A joint venture has been agreed to by Hino Motors and Volkswagen’s heavy truck division Traton SE.
The two companies will partner on a plan for e-mobility products to offer customers the highest value per Traton, the parent company of both Scania and MAN.
Drawing on their unique strengths, Traton and Hino have committed to developing 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.
A team of advanced specialists from both companies are going to be formed to launch activities in Södertälje (Sweden) and in a second step in Tokyo (Japan).
Early reports suggest Traton and Hino will team up 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.
“I am delighted that we can follow our procurement joint venture and further embodying our synergy with TRATON in e-mobility, helping to reduce global CO2 emissions and fighting global warming,” said Yoshio Shimo, Hino Motors President & CEO.
“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,” he said.
The mission of Traton is to carefully balance the interests of People, Planet and Performance according to Matthias Gründler Traton Group CEO.
“This new joint venture with our strong partner Hino is the next important step in electrification, pushing our mission further ahead,” he said.
The goal of Traton Group is to invest 1 billion Euros in R&D and production of electrification before 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.
According to a media statement both companies have agreed to explore each other’s capabilities and investigate further possibilities to collaborate in other future fields of technology.