All about Hino

On May 2, it was announced that BYD is interested in a tender for electric buses for the Colombian passenger transport company, TransMilenio.

To compete in this tender, BYD has articulated and bi-articulated buses that have already been tested in the country, although BYD is willing to carry out new tests since the current buses have more recent technology, such as Blade batteries.

This tender is expected to happen around July.

In addition, BYD has plans to begin assembling buses in Colombia using the Hino plant, where all the components would arrive and then, once assembled, they would be sent to Super Polo for the bodywork.

Lara Zhang, regional manager of BYD Colombia, commented: "As BYD we believe that we must not only provide the technology, but also transfer the knowledge [...]. Then we will seek to make important parts of the body, and later that the assembly and the Colombian participation is much greater".

(Multiple sources on May 2, 2024)

Hino's FY2023 full-year financial results were announced.
Sales increased 0.6% YoY to JPY 1,516.3 billion. This was a JPY 8.9 billion increase over the previous year's JPY 1,507.3 billion.
Operating loss was JPY 8.1 billion. While the previous year's operating income was JPY 17.4 billion, the company posted an operating loss for the current fiscal year.
Ordinary loss was JPY 9.2 billion. The previous year's ordinary income was JPY 15.8 billion, but this year the company posted a loss.
Net income was JPY 17.1 billion. In the previous year, the company posted a net loss of JPY 117.7 billion, but turned profitable for the fiscal year ended March 31, 2024.

See details

Click here for Hino's financial results

On February 29, Daimler Truck, Mitsubishi Fuso Truck and Bus (MFTBC), Hino Motors and Toyota gave an update on the progress on the collaboration based on the MoU on merging MFTBC and Hino, that was concluded in May 2023.

The parties explained that while the Definitive Agreement for merging MFTBC and Hino was targeted to be signed by the end of March 2024 and integration complete by the end of 2024, the process of obtaining necessary regulatory clearances and approvals under competition and other laws and regulations, as well as the pending investigations related to Hino's engine certification issues, are still ongoing. As such, the original schedule has been extended. 

According to the MoU, MFTBC and Hino plan to merge on an equal footing and collaborate in the areas of commercial vehicle development, procurement, and production. The plan is to build a globally competitive Japanese commercial vehicle manufacturer, with Daimler Truck and Toyota investing equally in the (listed) holding company of the merged MFTBC and Hino. The parties confirm that the merger discussions are progressing on a positive note.

Based on Press release from MFTBC, Hino, Daimler Truck and Toyota