Hexagon Purus signs agreement with Hino Motors to supply battery packs for serial production of zero emission heavy-duty vehicles
Hexagon Purus, a world leading manufacturer of zero emission mobility solutions, has signed a long-term binding letter of intent (LOI) with Hino Motors Manufacturing U.S. Inc. Hexagon Purus will provide battery packs for multiple Hino truck platforms with serial production planned from 2024. The total sales value over the life of the agreement is estimated at USD 1 billion (approx. NOK 9 billion). Already a development partner in Hino’s “Project Z” Battery Electric Vehicle (BEV) program (Hexagon Purus Nov. 6, 2020