China's leading electric giant BYD Company Ltd. (BYD) is signing a collaborative agreement with the Japanese truck manufacturer Hino...
China's leading electric giant BYD Company Ltd. (BYD) is signing a collaborative agreement with the Japanese truck manufacturer Hino Motors, Ltd. (Hino) owned by Toyota to manufacture and develop commercial electric vehicles or CEVs.
The two companies will work towards development of commercial BEVs for providing best-in-class products to satisfy the consumers demand in a timely manner. Both of the companies will utilize their knowledge and experience for designing of electric products, establishing as a brand in this commercial segment and adaptation of BEVs also.
With this partnership agreement, Wang Jie, BYD vice president and CEO of commercial vehicle division, stated that "BYD Commercial Vehicle and Hino Motors has been committed to technology innovation and global promotion of commercial vehicle electrification. The cooperation between the Chinese and Japanese companies will benefit the development of commercial vehicle electrification by introducing leading technology and rich experience, which will accelerate the global adoption of pure electric commercial vehicles."
Hino’s director and senior managing officer Taketo Nakane said, “We are pleased with this collaboration aiming to realize commercial BEVs that are truly beneficial to customers both practically and economically. By bringing together BYD’s achievement in BEV development and Hino’s electrification technology and reliability built over years of experience in developing hybrid vehicles, we will develop the best-fit commercial BEV products for consumer in working towards swift market introduction”.
Hino was founded in 1942 and has since grown alongside customers and societal development through its business of providing trucks and buses. In 1991, Hino released the world’s first commercially available hybrid vehicle as a heavy-duty urban transit bus. For nearly thirty years since, it has constantly strived to innovate electrified vehicle technology, putting light-duty electric vehicle buses and medium-duty plug-in hybrid buses in operation. Hino’s heavy-duty truck with the newest 6th Generation Hybrid system offers the convenience of a diesel truck while improving fuel efficiency by about 15%.** Hino contributes to customer businesses with products that balance environmental friendliness and practicality at a superior level.
**Compared to diesel truck, Hino internal research
BYD started in 1995 as a battery R&D and manufacturing company. It masters core EV technologies including battery, IGBT, electric motor and electronic controls, and has become a company that provides comprehensive new energy solutions such as new energy passenger vehicles, commercial vehicles, forklifts, and power battery products.
So, BYD and Hino would collaborate for design and production of commercial electric vehicles.
Source- BYD-official
This seems we are getting a whole new range of CEVs
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