GAC Hino Motors signs MoU with Toyota Tsusho to accelerate global expansion of commercial vehicles

Shanghai (Gasgoo)- On October 14, a delegation led by Chief Operating Officer of Toyota Tsusho Corporation ("Toyota Tsusho"), visited GAC Hino Motors Co., Ltd ("GAC Hino Motors") to discuss opportunities for deepening cooperation and jointly expanding their commercial vehicle businesses overseas. The meeting concluded with the signing of a strategic Memorandum of Understanding (MoU), marking a new phase in the partnership between the two companies.

In their discussions, the two sides explored how Toyota Tsusho's global network and market expertise could be leveraged alongside GAC Hino Motors' strengths in product development, technology, and quality to accelerate the internationalization of GAC Hino Motors' commercial vehicles.

The collaboration marks an important step in GAC Hino Motors' "Go Global" strategy. Through Toyota Tsusho's mature international trade network and localized operations, GAC Hino Motors' commercial vehicle lineup is expected to reach customers across more regions with greater speed and efficiency, boosting its global visibility and competitiveness.

For Toyota Tsusho, partnering with an emerging Chinese player like GAC Hino Motors — known for its technological and product strengths in new energy commercial vehicles — will expand the company's automotive portfolio, reinforce its leadership in mobility solutions, and position it to seize new opportunities in the global shift toward electric commercial transport.

Looking ahead, GAC Hino Motors and Toyota Tsusho plan to use this agreement as a springboard for deeper mutual trust and collaboration, exploring new opportunities in overseas markets and jointly advancing the globalization of Chinese commercial vehicle industry and the development of sustainable logistics worldwide.