BYD & Hino Alliance to Focus on Commercial EVs Development

BYD and Hino Motors have announced a new strategic business alliance agreement with a focus on collaborating in commercial battery EVs development.

BYD Company Ltd and Hino Motors have announced the signing of a strategic business alliance agreement with a focus on collaborating in commercial battery electric vehicles (EVs) development.

The two companies through the alliance will accelerate the development of commercial EVs to provide the best-fit product for customers in a timely manner. To begin with, the two companies will collaborate on the development of EV products. Also, by utilising both of their knowledge and experience, the two companies will cooperate in retail and other related business that will promote the adoption of EVs.

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.”

BYD and Hino will work together to develop and spread the best-fit commercial EVs for customers to achieve low-carbon societies. 

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 EV products for the consumer in working towards swift market introduction.”

Earlier this month, BYD and Toyota Motor Corporation had announced that preparations had proceeded since they signed an agreement for the establishment of a joint venture (JV) company to conduct research and development (R&D) of battery electric vehicles (EVs) on November 7, 2019, and registration of the new company has been completed. Through the JV, BYD and Toyota will work together to meet the diverse needs of customers by researching and developing EVs that appeal to customers and promoting their widespread adoption and also hope to contribute to improving the environment in China.