BYD and Hino Sign a Strategic Business Alliance Agreement on Commercial Battery Electric Vehicles Development

Industry News – Tuesday, May 05, 2020

Mobility and battery manufacturing company BYD Company Ltd. (BYD) and truck and bus manufacturer Hino Motors, Ltd. (Hino) signed a strategic business alliance agreement with a focus on collaborating in commercial battery electric vehicles (BEVs) development.

The two companies will collaborate on a development of BEV products as well as cooperate in retail and other related business that will promote the adoption of BEV. The goal of the partnership is to develop and spread the best-fit commercial BEVs for customers to achieve low-carbon societies.   

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”.

Source & Image: BYD |

The ees International Magazine is specialized on the future-oriented market of electrical energy storage systems, not only from a technological-, but also a financial and application-oriented point-of-view. In cooperation with ees Global, the ees International Magazine informs the energy industry about current progress and the latest market innovations.

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