VW partner Hino to make electric trucks and buses with China's BYD

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING: Tech Brief (Sept. 22): Trump Says Murdoch Family May Be Involved in TikTok Deal

LATEST: Tech Brief (Sept. 22): Trump Says Murdoch Family May Be Involved in TikTok Deal; GPT Weekly: CoreWeave Secures $6.3 Billion Nvidia Order; Huawei Unveils Three-Year AI Chip Roadmap as Nvidia Faces Setbacks in China; Tencent Cloud Shuns Price War in Intensifying AI Race; China’s Regulator Ramps Up Push to Curb Food Delivery Subsidy War; Chinese Robot Startup Unitree Gears Up for Market Debut; China Enforces AI Content Labeling Rules to Curb Misuse; Tech Brief (Sept. 2): China Rolls Out Mandatory AI Labeling; Meituan Enters Open-Source AI Race With LongCat Model; Tech Brief (Aug. 29): SenseTime Reports Strong AI Growth; All Hail the Driverless Taxis as China Eyes a $183 Billion Market; Tech Brief (Aug. 27): Cambricon Reports $128 Million Profit, Stock More Than Doubles Since July; Tech Brief (Aug. 26): Musk’s xAI Sues Apple and OpenAI Over Alleged AI Market Monopoly; Exclusive: NetEase’s Youdao CEO Explains How AI Agents Could Build a Future of Virtual Teachers; Ant Group Teams up With Top Beijing Hospital to Launch AI Healthcare Lab; Didi and Meituan Clash in Brazil as Food Delivery Battle Goes to Court; Google Denies Rumors It Is Resuming Full Services on Chinese Mainland; China Proves a Winner in the Gaming Market as Growth Hits a Five-Year High; China’s Booster Robotics Lands New Funding as it Hits a Winning Streak; Amazon to Shut Down Shanghai AI Lab Amid Strategic Shift

By Nikkei Asian Review / Oct 22, 2020 12:22 PM / Business & Tech

Photo: VCG

Truck manufacturer Hino Motors and electric vehicle maker BYD Auto Industry will set up a 50-50 joint venture in China next year to develop electric trucks and buses for the Asian market.

The venture will also develop EV components under the plans announced Wednesday.

The move shows a broader push into next-generation energy sources by Tokyo-area-based Hino, a member of the Toyota Motor group that also has a tie-up with Volkswagen truck and bus unit Traton.

New electric commercial vehicles will be released in Asian markets in the first half of the 2020s under the Hino brand. The companies, which announced a partnership in April, did not what models or markets will come first.

Earlier this month, Hino and Toyota announced plans to develop a prototype hydrogen-powered truck for the North American market in the first half of 2021 and begin mass production by 2024.

Hino's alliance with Traton in electric vehicles and other emerging fields was formed in 2018.

Contact editor Marcus Ryder (marcusryder@caixin.com)

Share this article

Open WeChat and scan the QR code