VW's Traton Announces JV for Electrified Trucks with Hino
Traton, formerly Volkswagen Truck & Bus, and Hino have announced new details of their strategic partnership. They intend to pool their strengths when it comes to electric transport and are also planning to set up a joint venture for procurement.
In the field of e-mobility, Traton and the Japanese commercial vehicle manufacturer want to share their research in order to accelerate time to market for products.
An initial framework agreement for a strategic cooperation with Toyota’s utility subsidiary Hino Motors had seen VW declare their plan to include hybrid and electric systems in their cooperation options before.
More so because the companies are working in complementary sectors. TRATON is focused on heavy-duty applications with vehicles from Volkswagen brands MAN, Scania and the Brazilian truck and bus division, while Hino focuses on light- and medium-duty trucks. Joining forces will strengthen the innovation power of the partners, according to a press release. By leveraging the cooperation, both companies also plan to expand their positions in their local markets.
The authorities still have to approve the agreement. The joint venture could start operations for electric trucks in the second half of 2019. (www.chinatrucks.com)
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