Traton and Hino Motors Ltd have signed a joint venture agreement for e-mobility to shorten lead times for future e-mobility products with battery and fuel cell technology. 

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.

Under the joint venture agreement, the two companies 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. Traton and Hino 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).

“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 Hino Motors president and CEO Yoshio Shimo. “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.”

Traton Group CEO Matthias Gründler 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 Traton‘s goal to invest EUR1 billion until 2025 in electrification.