Hexagon Purus Expands Partnership with Hino Trucks
Hexagon Purus, a leader in zero-emission mobility solutions, is excited to announce a significant new supply agreement with Hino Trucks. This collaboration focuses on the production and distribution of Class 6 and 7 battery electric straight trucks intended for the U.S. market. The partnership not only highlights Hexagon Purus' commitment to sustainable transport solutions but also marks a key step in expanding their innovative technology’s reach.
Details of the Supply Agreement
Through this long-term agreement, Hexagon Purus will provide its proprietary zero-emission technology to enhance Hino's electric trucks. This includes advanced battery systems, auxiliary modules, and power modules, all designed to optimize performance and support sustainable urban logistics. The trucks are set to carry the Hino brand and will be readily available for general sale via Hino's extensive network beginning in 2026, which showcases the brand’s robust market presence.
Prototype Production Timeline
The partnership kickstarts with the production of prototype vehicles, expected to be delivered in the last quarter of 2025. This phase serves as a crucial test for the technology integration, ensuring that every element from design to functionality meets the necessary performance standards required for electric commercial vehicles. Both companies are focused on achieving seamless cooperation during the development stages to prepare for a successful market entry.
Technological Synergies and Benefits
Utilizing the same foundational technology as the existing Tern RC8 tractor, these new trucks are designed to leverage existing investments in development and production capabilities. This strategic alignment is anticipated to bring forth significant synergies, helping both parties capitalize on shared resources effectively. Todd Sloan, EVP of Battery Systems and Vehicle Integration at Hexagon Purus, expressed enthusiasm about this collaboration, stating the electric trucks are ideally suited for urban areas where stop-and-go traffic is prevalent.
Business Portfolio Review and Future Prospects
In line with the company’s strategic initiative to ensure a robust cash runway and achieve EBITDA breakeven, Hexagon Purus is conducting a comprehensive review of its business portfolio. This evaluation aims to enhance the growth potential of the Battery Systems and Vehicle Integration (BVI) division, which aligns with the supply agreement with Hino. The company is considering various structural options to optimize this division’s capabilities, including engaging potential partners to explore new opportunities.
Advisory Support
Hexagon Purus has tasked ABG Sundal Collier ASA as their financial advisor and Advokatfirmaet Schjødt AS as their legal advisor to facilitate this structured process. These advisory firms bring a wealth of experience and expertise, ensuring Hexagon Purus navigates the evolving market dynamics effectively.
About Hino Trucks
Hino Trucks is a well-established manufacturer known for its high-quality Class 4-8 commercial trucks in the United States. The company prides itself on providing vehicles that offer incredible reliability, low total ownership costs, and an extensive range of standard features. Headquartered in Novi, Michigan, Hino maintains a robust dealer network of over 240 locations nationwide, dedicated to customer service excellence.
Hino's Commitment to Quality
Hino’s commitment to quality and customer satisfaction plays a pivotal role in their operations, making them a leading name in the heavy and medium-duty truck market. They leverage cutting-edge technology to enhance vehicle performance while ensuring that their products meet the highest industry standards.
About Hexagon Purus
Hexagon Purus, renowned for enabling zero-emission mobility, stands as a leading global provider of innovative hydrogen solutions, battery systems, and vehicle integration technologies for electric vehicles. Their products serve a diverse range of applications, from light to heavy-duty trucks, buses, and even aerospace sectors. This commitment to pioneering sustainable solutions is evident in every aspect of their operations.
Looking Ahead
As the transport industry continues to evolve towards sustainability, Hexagon Purus is at the forefront, developing technologies that support a cleaner future. The collaboration with Hino Trucks is a testament to this vision, as both companies work together to redefine urban mobility and reduce environmental impact.
Frequently Asked Questions
What is the new partnership about?
Hexagon Purus has entered a supply agreement with Hino Trucks to produce Class 6 and 7 battery electric trucks for the U.S. market.
What technology will be used in the trucks?
The trucks will feature Hexagon Purus’ proprietary zero-emission technology, including advanced battery systems and power modules.
When will the trucks be available for sale?
The trucks are expected to be available for general sale through Hino’s dealer network starting in 2026.
What is the significance of the prototype production?
The initial production of prototypes in Q4 2025 will validate the integration of Hexagon’s technology with Hino’s chassis.
Who are the advisors for Hexagon Purus?
Hexagon Purus has engaged ABG Sundal Collier ASA as their financial advisor and Advokatfirmaet Schjødt AS for legal advice to support the BVI division's growth strategy.
