# BYD and Hino sign joint venture agreement for commercial BEV development

BYD and Hino signed a joint venture agreement to establish a new company in China for commercial battery electric vehicle development, with each making a 50% capital investment.

- Type: Acquisition
- Announced: 2020-10-21
- Where: China, China
- Status: announced
- Products: commercial battery electric vehicles, electric units
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [BYD](https://endata.com/companies/9720.md) (partner)
- [Hino Motors](https://endata.com/companies/24248.md) (partner)
- [BYD Auto Industry Co., Ltd.](https://endata.com/companies/50647.md) (partner)

## Sources

- [hino-global.com](https://www.hino-global.com/corp/news/2020/20201021-002713.html), 2020-10-21: "This new venture is scheduled to be established within China in 2021, with BYD and Hino each making a 50% capital investment."
- [en.byd.com](https://en.byd.com/news/byd-and-hino-sign-an-agreement-to-establish-a-joint-venture-for-commercial-battery-electric-vehicles-development/), 2020-10-21: "This new venture is scheduled to be established within China in 2021, with BYD and Hino each making a 50% capital investment."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.