BEIJING, April 24 (Xinhua) -- BYD, China's new energy vehicle giant, announced on Thursday that it has partnered with Toyota's subsidiary Hino Motors to develop commercial battery electric vehicle (BEV), according to a report by Shanghai Security News.
Under the agreement, the two companies will collaborate on development of BEV products. By utilizing both of their knowledge and experience, the two companies will cooperate in retail and other related business that will promote the use of BEV.
The cooperation between the Chinese and Japanese companies will benefit the development of commercial vehicle electrification by introducing leading technology and rich experience, which will accelerate the global use of pure electric commercial vehicles, said Wang Jie, BYD's vice president and CEO of commercial vehicle division.
BYD is one of the largest carmakers in China with a special focus on NEVs and its commercial vehicles sell to 300 cities in more than 50 countries and regions.
Tokyo-based Hino, a unit of car-making behemoth Toyota Motor, produced the world’s first diesel-electric urban bus in 1991 and is a leading producer of medium and heavy-duty diesel trucks in Asia.
BYD has deepened electric collaboration with Japan's top automaker in recent years. The partnership with Hino is a further step of BYD after the joint venture agreement signed with Honda in 2019.
(Edited by Gao Jingyan with Xinhua Silk Road, email@example.com)