Japanese trio announce truck partnership
24 March 2021
Toyota, Isuzu and Hino in tie up to focus on new technologies
Japan’s Toyota, Isuzu and Hino have unveiled plans to establish a commercial vehicle partnership.
Specifically, the three companies plan to jointly work on the development of battery electric vehicles and fuel cell electric vehicles, autonomous driving technologies, and electronic platforms focussed on small commercial-purpose trucks.
A Hino truck. Toyota, Isuzu and Hino have unveiled plans to establish a commercial vehicle partnership
Under the deal, Toyota Motor Corp. and Isuzu Motors will take a 4.6% stake in each other. Hino Motors is Toyota’s truck division.
To promote their partnership, Isuzu, Hino and Toyota said they are establishing Commercial Japan Partnership Technologies Corporation, a company for planning technologies and services for commercial vehicles based on discussions among its three parent companies, the companies said in a statement.
Going forward, Isuzu, Hino, and Toyota said they “intend to deepen their collaboration while openly considering cooperation with other like-minded partners.”
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