Volkswagen : TRATON and Hino start E-Mobility Joint Venture

Yoshio Shimo, President & CEO of Hino Motors, Ltd., said: 'I am delighted that we can follow our procurement joint venture and further embodying our synergy with TRATON in e-mobility, helping to reduce global CO₂ emissions and fighting global warming. We will combine our strengths as leading commercial vehicle manufacturers to offer EVs with the highest value for customers, through joint planning of commercial EVs.'

Matthias Gründler, CEO at TRATON GROUP, said: 'TRATON's mission is to carefully balance the interests of People, Planet and Performance. This new joint venture with our strong partner Hino is the next important step in electrification, pushing our mission further ahead.' Gründler reiterated TRATON GROUP's goal to invest 1 billion EUR until 2025 in electrification.

Back in 2018, Hino and TRATON signed an agreement, aiming for a mutually beneficial strategic long-term partnership. Based on their shared principle of offering customers the highest value possible, they established a procurement joint venture in 2019, and have now solidified their collaboration in
e-mobility. Both companies have agreed to explore each other's capabilities and investigate further possibilities to collaborate in other future fields of technology.