Hexagon Purus has signed a letter of intent with Hino Motors Manufacturing U.S. Inc. to supply battery packs for Hino truck platforms.
Hexagon Purus is already a development partner in the truck manufacturer’s ‘Project Z’ Battery Electric Vehicle program. It will continue through the development phase of the project in 2022, begin customer demonstrations in 2023 and commence serial production in 2024. The serial production will cover multiple platforms, including Hino’s Class 6, 7 and 8 commercial trucks.
The total value of the agreement over the contract tenure is estimated at $1 billion.
“Commercial trucks use the most fuel and produce the most emissions in the transport sector, accounting for more than 40% of all road freight emissions," Todd Sloan, EVP systems at Hexagon Purus. "The mass adoption of zero emission battery (BEV) and fuel cell (FCEV) electric trucks among fleets will be key to decarbonizing the sector. Hino’s move to serial production will accelerate the green shift in commercial transportation, and Hexagon Purus is proud to be a part of this transition.”
The agreement covers aftermarket support and service. Initial production will start from Hexagon Purus’ new facility in Kelowna, Canada.