BYD, Hino announce JV to manufacture electric CVs for global markets
The JV will be established in China and will initially launch vehicles under the Hino brand in the first half of the 2020s.
Chinese electric vehicle major BYD Auto (BYD) and Japanese commercial vehicle maker Hino Motors, have signed an agreement to establish a new joint venture company for commercial battery electric vehicles (BEVs) development.
This announcement is a follow-up to the companies announcing a strategic alliance in April 2020 for collaborative development of BEVs.
As per the new announcement the new venture is scheduled to be established in China in 2021, with BYD and Hino each making a 50 percent capital investment. The JV 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 JV will initially launch vehicles under the Hino brand in the first half of the 2020s.
The partners will work together to develop and spread the best-fit commercial BEVs for customers to achieve low-carbon societies.
RELATED ARTICLES
Kia displays EV5 and Sonet SUVs for Chinese market
Kia has unveiled a number of key models and new technologies for Chinese customers at the 2024 Beijing International Aut...
Nissan targets growth in China, unveils four NEV concepts at Beijing Motor Show
The two EVs and two plug-in hybrids are a joint effort with Nissan’s local partner Dong Feng and aimed to better address...
Lamborghini unveils Urus SE ahead of Auto China 2024
Electric-only range of 60km helps reduce emissions by 80%.