Traton SE and Hino Motors, Ltd. have signed a joint venture agreement for e-mobility in order to plan and provide e-mobility products that will be based on the two companies’ strategic partnership to offer customers the highest value.
Traton and Hino will combine their unique strengths to consequently develop 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. They will form a team of advanced specialists from both companies and launch activities in Södertälje, Sweden, and in a second step in Tokyo, Japan. 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 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,” said Yoshio Shimo, president and CEO of Hino Motors, Ltd.
“Traton’s mission is to carefully balance the interests of People, Planet and Performance. This new joint venture with our strong partner Hino is the next important step in electrification, pushing our mission further ahead, ” said Matthias Gründler, CEO at Traton GROUP.
Gründler reiterated Traton Group’s goal to invest EUR1 billion (USD) until 2025 in electrification.