BYD signs joint venture agreement with Hino Motors
2020-10-22 15:05:25 [Print]
According to BYD, the company disclosed on April 24, 2020 that it and Hino Motors Co
. , Ltd . planned to cooperate in the development of pure electric commercial vehicles . On October 21, 2020, BYD Auto Industry Co . , Ltd . , a holding subsidiary of the company, signed a joint venture agreement with Hino . Both parties planned to set up a joint venture in China in 2021, with BYD and Hino each making a 50% capital investment . BYD and Hino would work together to develop pure electric commercial vehicles and their parts, and plan to initially launch such vehicles under the Hino brand by 2025.