Chinese battery and electrical vehicle company BYD and Japan’s Hino Motors have announced that they have signed a strategic business alliance agreement to collaborate on commercial battery electric vehicle (BEV) development.
The two companies say they will accelerate the development of commercial BEVs to provide the ‘best-fit product for customers in a timely manner’.
The two companies will collaborate on the development of BEV products and they will also cooperate in retail and other related business promote the adoption of BEV.
“BYD Commercial Vehicle and Hino Motors has been committed to technology innovation and global promotion of commercial vehicle electrification,” said Wang Jie, vice president of BYD and CEO of its commercial vehicle division.
“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,” he added.
BYD was founded in 1995 as a battery research and manufacturing company and specialises in core EV technologies including battery, IGBT, electric motor and electronic controls, and has become a provider of comprehensive new energy solutions for passenger vehicles, commercial vehicles, forklifts and power battery products.