China's BYD, Toyota's Hino partner in electric commercial vehicles [Reuters]
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Source: Reuters
China's BYD, Toyota's Hino partner in electric commercial vehicles BEIJING/TOKYO (Reuters) - Chinese electric vehicle maker BYD ( 002594.SZ ) said on Thursday it has partnered with Toyota-owned truck maker Hino Motors ( 7205.T ) to develop electric commercial vehicles, as BYD deepens electric collaboration with Japan’s top automaker. The partnership will focus on electric buses and trucks, in addition to BYD and Toyota’s ( 7203.T ) joint development on electric passenger cars. Shenzhen-based BYD, which is backed by U.S. investor Warren Buffett, has been building electric commercial vehicles including London’s electric double-decker buses and electric road sweepers in Beijing. Hino has been developing battery electric trucks but so far has yet to bring a fully electric model to market. In China, Hino makes trucks with Guangzhou-based GAC ( 601238.SS ), which is also a partner of Toyota. Toyota, which expects to achieve half of its vehicle sales from electrified models by 2025,
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