BYD Company Ltd and Hino Motors Ltd have signed a strategic business alliance agreement with a focus on collaborating in commercial battery electric vehicles development.
The two companies will accelerate the development of commercial BEVs to provide the best-fit product for customers in a timely manner. To begin with, the two companies will collaborate on a development of battery electric vehicle (BEV) products. Also, by utilizing both of their knowledge and experience, the two companies will cooperate in retail and other related business that will promote the adoption of BEV. For further information see the IDTechEx report on Electric Motors for Electric Vehicles: Land, Water, Air 2020-2030.
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."
BYD and Hino will work together to develop and spread the best-fit commercial BEVs for customers to achieve low-carbon societies.
Source and top image: Hino Motors Ltd