Hexagon Purus signs landmark long-term agreement with Hino Trucks for zero emission heavy-duty trucks in the U.S.
With reference to the stock exchange release on 1 March 2023, Hexagon Purus, a world leading manufacturer of zero emission mobility and infrastructure solutions, has signed a distribution agreement with Hino Motors Sales U.S.A., Inc. where Hexagon Purus will produce complete battery electric heavy duty trucks for the U.S. market, distributed exclusively through select qualifying dealers in Hino’s network. The vehicles will be based on Hino’s XL 4x2 truck chassis and upfitted with Hexagon Purus’ proprietary zero-emission technology, including battery systems, auxiliary modules, power modules and the vehicle-level software. The agreement foresees the delivery of up to 10,000 trucks by 2030. These trucks will be compliant with, amongst other, the Advanced Clean Truck regulation in California, which requires all truck manufacturers and distributors to have an incrementally higher zero-emission vehicle content when selling in California from 2024 onwards. The potential total value over the course of this agreement could reach approximately USD 2.0 billion. Hino will also be responsible for after-sales service during the lifetime of this exclusive distribution agreement. Serial production of these electric heavy-duty trucks will commence during the last part of 2024. This expanded agreement replaces the already announced (11 February 2022) cooperation between Hexagon Purus and Hino to supply battery packs for multiple Hino truck platforms planned for serial production from 2024.