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May 21, 2021

Hino Motors and Kansai Electric enter into JV agreement

Toyota subsidiary and heavy commercial vehicle specialist Hino Motors has entered into a JV with energy provider Kansai Electric Power. The two aim to explore synergies in e-mobility for HCVs.

By David Leggett

The two companies note that e-mobility issues facing the transportation industry are becoming apparent. For instance, the adoption of electric vehicles requires going through complicated processes with several business operators, including not only concluding contracts for vehicles, but installing charging facilities and concluding contracts for using electricity as well, which is an obstacle to electric vehicle adoption. Furthermore, meticulous management of vehicle operation and charging is necessary in daily operation in order to prevent a decline in the vehicle operating rate and electricity shortage when e-mobility vehicles are in operation due to charging inefficiency.

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What does the future hold for the US electric vehicles market?

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Hino Motors and Kepco say they will endeavor to offer solutions to issues in e-mobility adoption and operation by utilizing their knowledge of commercial vehicles and electricity through the newly founded company. Aiming to build a platform open to a variety of business operators, including vehicle manufacturers, equipment manufacturers, IT vendors, and power companies, we will provide packaged solutions optimized according to each user’s business model and purpose of using e-mobility as a one-stop service at a fixed monthly fee.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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