Two global commercial vehicle makers, Germany’s Traton SE and Japan’s Hino Motors Ltd., have signed a joint venture agreement to develop electric vehicles, both battery-electric and fuel-cell versions.
Traton and Hino will combine their unique strengths to develop electric vehicles, including battery electric vehicles, fuel cell vehicles, and relevant components, as well as creating common EV platforms including software and interfaces.
They will form a team of advanced specialists from both companies and launch activities in Sweden and a second step in Japan. The two companies say teaming up will allow them to shorten lead times for future e-mobility products with battery and fuel cell technology. The two companies are convinced that both technologies will be needed in the future, according to an announcement.