TRATON AG AND HINO DEEPEN TIES

ABC (Australia) - - NEWS -

“To­gether, we will be able to shape the on­go­ing trans­for­ma­tion of trans­porta­tion.”

RE-NAMED VW trans­port group Traton AG and Hino Mo­tors Ltd have fur­ther so­lid­i­fied their re­cently an­nounced strate­gic part­ner­ship by “join­ing forces” in e-mo­bil­ity and plan to es­tab­lish a pro­cure­ment joint ven­ture.

Traton (pro­nounced ‘ Tray-ton’) – Ger­many’s newly branded Volk­swa­gen Truck and Bus en­tity, which also in­cludes Scania and MAN com­mer­cial ve­hi­cles – to­gether with Ja­pan’s Hino orig­i­nally en­tered into a strate­gic part­ner­ship on April 12, 2018, to ben­e­fit “cus­tomers, so­ci­ety, and both part­ners,” they stated.

Since this agree­ment, both com­pa­nies have es­tab­lished work­ing-level com­mit­tees and ex­plored co­op­er­a­tion op­por­tu­ni­ties in ex­ist­ing and new tech­nolo­gies, as well as in pro­cure­ment, the com­pa­nies re­port.

The strate­gic ini­tia­tives an­nounced to­day are a re­sult of these eval­u­a­tions, they say.

Yoshio Shimo, pres­i­dent and CEO of Hino Mo­tors, Ltd. said: “The last cou­ple of months have con­firmed what we sensed when we an­nounced our part­ner­ship in spring 2018: Hino and Traton share the same mo­ti­va­tion of pro­vid­ing [the] high­est value for our cus­tomers. I am de­lighted that we made good progress in the field of e-mo­bil­ity and pro­cure­ment. With every new meet­ing, I gain con­fi­dence that we are mov­ing in the right direc­tion to strengthen our re­la­tion­ship of trust and to pur­sue fur­ther pos­si­bil­i­ties.”

An­dreas Ren­schler, CEO of Traton AG and mem­ber of the Man­age­ment Board of Volk­swa­gen AG, said: “The part­ner­ship be­tween Traton and Hino will be a source of strength for both of us. Our sec­tor is chang­ing. To­gether, we will be able to shape the on­go­ing trans­for­ma­tion of trans­porta­tion. Our part­ner­ship is tak­ing con­crete shape and we are con­tin­u­ously iden­ti­fy­ing new op­por­tu­ni­ties. The co­op­er­a­tion in e-mo­bil­ity and the es­tab­lish­ment of a pro­cure­ment joint ven­ture is just the be­gin­ning.”

MOV­ING FASTER

In e-mo­bil­ity, Traton and Hino plan to share their de­vel­op­ment ef­forts and mar­ket prod­ucts in shorter time, they say. Hino has a his­tory of more than 25 years in elec­tri­fied ve­hi­cles and the largest run­ning fleet of hy­brid com­mer­cial ve­hi­cles in the world, it’s stated. Also, Hino will start sales of the world’s first heavy- duty hy­brid truck (Hino PROFIA Hy­brid) with its AI-based hill an­tic­i­pa­tion hy­brid con­trol sys­tem in Ja­pan next year. The part­ners have com­ple­men­tary ap­proaches: Traton is fo­cused on heavy- duty ap­pli­ca­tions; Hino fo­cuses on light- and medium- duty trucks. Join­ing forces will strengthen the in­no­va­tion power of the part­ners, it’s claimed.

Ac­cord­ing to the com­pa­nies: “The fu­ture pro­cure­ment joint ven­ture – with bal­anced rights – is planned as a small but pow­er­ful en­tity be­tween both par­ties, lever­ag­ing syn­er­gies in pur­chas­ing. The planned joint ven­ture aims at re­al­is­ing syn­er­gies in global pro­cure­ment for ex­ist­ing parts, as well as parts for new tech­nolo­gies.”

More de­tails of the planned joint ven­ture will be out­lined in the up­com­ing months.

A cor­re­spond­ing frame­work agree­ment has al­ready been signed; fil­ing for an­titrust clear­ance is the next step in the process aim­ing to es­tab­lish the joint ven­ture com­pany in lat­ter half of 2019, it’s stated.

“Hino and Traton share the same

mo­ti­va­tion of pro­vid­ing ‘ high­est value’ for our cus­tomers,” said Shimo, with Ren­schler adding: “Our part­ner­ship is tak­ing con­crete shape and we are con­tin­u­ously iden­ti­fy­ing new op­por­tu­ni­ties.”

IN OVER­VIEW

• The com­pa­nies are to deepen their strate­gic part­ner­ship fur­ther to “lever­age syn­er­gies”

• Co­op­er­a­tion in e-mo­bil­ity is to ad­vance sus­tain­able pow­er­trains and speed up prod­uct de­vel­op­ment

• Traton and Hino signed a frame­work agree­ment for a fu­ture joint ven­ture aim­ing at “re­al­is­ing syn­er­gies in global pro­cure­ment”

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