“Approximately 12% of commercial vehicles operating in California fall within the heavy-duty trucks classification, however, they account for almost half of California’s NOx emissions in the medium- and heavy-duty space. “Hino has been an important zero-emission technology development partner for Hexagon Purus in North America for several years, and as a development partner in Hino’s “Project Z” Battery Electric Vehicle program, we are thrilled to continue building on that strong relationship in the years to come”, says Todd Sloan, EVP of Hexagon Purus. With this agreement, we continue to improve the line-of-sight for our 2025 revenue target of NOK 4-5 billion”, says Morten Holum, CEO of Hexagon Purus. This is a strong validation of our technology and the capabilities as a provider of complete zero-emission mobility solutions. through select qualifying dealers in Hino’s network. “We are very proud and honored to take the co-operation with Hino to the next level by serially producing battery electric heavy-duty trucks for distribution in the U.S.
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. Serial production of these electric heavy-duty trucks will commence during the last part of 2024. Hino will also be responsible for after-sales service during the lifetime of this exclusive distribution agreement. The potential total value over the course of this agreement could reach approximately USD 2.0 billion (approximately NOK 20 billion). 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 agreement foresees the delivery of up to 10,000 trucks by 2030.
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. market, distributed exclusively through select qualifying dealers in Hino’s network. (“Hino”) where Hexagon Purus will produce complete battery electric heavy duty trucks for the U.S. (Oslo, Norway, 15 March 2023) 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. Hexagon Purus signs landmark long-term agreement with Hino Trucks for zero emission heavy-duty trucks in the U.S.
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