Japan Commercial Vehicles: Electrification and Business Alliances
Medium- and heavy-duty vehicles of Isuzu, Hino, and Mitsubishi Fuso
2025/01/07
- Summary
- Inter-company relations among medium- and heavy-duty commercial vehicle manufacturers
- Commercial vehicle OEM electrification plans
- Japan domestic market for medium- and heavy-duty commercial vehicles
- Sales volume trends
Summary
Commercial vehicle manufacturers are scrambling to respond to environmental concerns, and it is expected that business alliances between companies that incorporate external resources and knowledge to the extent possible will continue to increase. This report summarizes alliances between companies focusing on electrification technologies.
Regarding electrified models of commercial vehicles (CVs), manufacturers/OEMs have released light-duty electrified vehicles (xEVs), and their introduction to the market has begun mainly through the independent efforts of major transport companies; however, the current environment is not conducive to the mass introduction of medium- and heavy-duty commercial vehicles. This report has summarized the future electrification plans of Japanese domestic OEMs.
The domestic market, with the exception of Hino, showed signs of recovery from the COVID-19 pandemic in 2023. As for Hino Motors, Ltd. (Hino), the most recent October statistics show a large increase compared to the same month in 2023. The following table summarizes the sales trends by class in 2023 for each company.
Related reports:
IAA Transportation 2024: Premiere of BEV Trucks (Dec. 2024)
IAA Transportation 2024: Alternative fuel vehicles for logistics (Nov. 2024)
ACT Expo 2024 (2) Electric Powertrains for Commercial Vehicles (Jul. 2024)
ACT Expo 2024 (1) Hydrogen vehicles and technologies (Jun. 2024)
2024 China Commercial Vehicle Forum: Commercial Vehicle Trends (Apr. 2024)
Bharat Mobility Global Expo 2024 (3) Commercial Vehicles in India (Mar. 2024)
Heavy-duty Commercial Vehicles Aiming for Decarbonization (Jun. 2023)
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