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Hino Trucks And Toyota Jointly Develop Class 8 Fuel Cell Electric Truck For North America

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On October 5, 2020, Hino Trucks and Toyota Motor North America announced a partnership to develop a Class 8 fuel cell electric truck (FCET) for the North American market. This collaboration combines Hino's XL Series chassis with Toyota's advanced fuel cell technology, aiming to produce a zero-emission vehicle that offers heavy-duty capabilities. The initiative builds on their previous work for the Japanese market. Both companies emphasize the vehicle's benefits, including an extended range and quieter operation, contributing to sustainable transportation solutions.

Positive
  • Development of a Class 8 fuel cell electric truck enhances market position in the growing EV sector.
  • Collaboration leverages Toyota's 20+ years of fuel cell technology, promising a reliable product.
  • Focus on zero emissions aligns with increasing environmental regulations and consumer demand.
Negative
  • None.

NOVI, Mich., Oct. 5, 2020 /PRNewswire/ -- With the rapidly expanding interest in heavy-duty electric trucks, Hino Trucks and Toyota Motor North America (TMNA) have agreed to jointly develop a Class 8 fuel cell electric truck (FCET) for the North American market.  

The companies will leverage the newly developed Hino XL Series chassis with Toyota's proven fuel cell technology to deliver exceptional capability without harmful emissions. This collaboration expands upon the existing effort to develop a 25-ton FCET for the Japanese market which was announced earlier this year.  

"A fuel cell powered version of the Hino XL Series is a win-win for both customers and the community. It will be quiet, smooth and powerful while emitting nothing but water," said Tak Yokoo, Senior Executive Engineer, Toyota Research and Development. "Toyota's twenty plus years of fuel cell technology combined with Hino's heavy-duty truck experience will create an innovative and capable product."  

"Expanding upon our proud heritage of the Hino powertrain, Toyota Fuel Cell Technology offers our customers a commercially viable, extended range, zero emissions vehicle in the near term," said Glenn Ellis, Hino's Senior Vice President - Customer Experience. "Hino shares a common focus with Toyota when it comes to durability, reliability, and innovation with the customer at the center of design which makes this collaboration a game changer."

About Hino Trucks:
Hino Trucks, a Toyota Group Company, manufactures, sells, and services a lineup of Class 4-8 commercial trucks in the United States. Hino Trucks is the premier heavy & medium duty nameplate in the United States with a product lineup that offers fully connected vehicles with low total cost of ownership, superior fuel economy, unmatched reliability and maneuverability and the most comprehensive bundle of standard features in the market. Headquartered in Novi, Michigan, Hino has a network of over 240 dealers nationwide committed to achieving excellence in the ultimate ownership experience.  Learn more about Hino Trucks at http://www.hino.com or follow us on Facebook, LinkedIn, Twitter and YouTube.

About Toyota: Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 40 million cars and trucks in North America, where we have 14 manufacturing plants, 15 including our joint venture in Alabama (10 in the U.S.), and directly employ more than 47,000 people (over 36,000 in the U.S.). Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold nearly 2.8 million cars and trucks (nearly 2.4 million in the U.S.) in 2019.

Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society's most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.toyotanewsroom.com.

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SOURCE Hino Trucks

FAQ

What is the partnership between Hino Trucks and Toyota Motor North America about?

Hino Trucks and Toyota Motor North America are collaborating to develop a Class 8 fuel cell electric truck for the North American market.

When was the Hino Trucks and Toyota partnership announced?

The partnership was announced on October 5, 2020.

What technology is being used in the new fuel cell electric truck?

The truck will utilize Toyota's proven fuel cell technology combined with Hino's XL Series chassis.

What are the expected benefits of the new Class 8 truck from Hino and Toyota?

The truck is expected to provide zero emissions, an extended range, and heavy-duty capabilities.

How does this development impact Toyota's stock symbol TM?

The joint venture aims to strengthen Toyota's position in the electric vehicle market, potentially benefiting its stock performance.

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