Hon Hai Precision Industry Co (鴻海精密), the world’s largest electronics manufacturing service provider, yesterday unveiled plans to form a new bus manufacturing joint venture with Mitsubishi Fuso Truck and Bus Corp (MFTBC), with an aim to advance development of zero-emission buses in Japan.
The new venture is expected to start operating in the second half of this year, the companies said in a joint statement.
Hon Hai and MFTBC plan to cooperate on the development, production, supply chain management and sales of zero-emission buses via their subsidiaries, Foxtron Vehicle Technologies Co (鴻華先進) and Mitsubishi Fuso Bus Manufacturing Co respectively, they said.
Photo courtesy of Hon Hai Technology Group
The electric buses Model T and Model U, developed by Foxtron, would be the first models adopted by the new joint venture, it added.
Hon Hai and MFTBC had previously inked a memorandum of understanding to explore strategic collaboration in zero emission and accelerate development of clean mobility.
The latest move marks their effort to accelerate the development of competitive, zero-emission buses for high-quality public transportation, the two companies said.
The zero-emission buses would be developed and manufactured at the company’s plant in Toyama under the Fuso brand, which has more than 90 years of heritage as a commercial vehicle brand, they said.
The new joint venture is to be headquartered in Kawasaki, Japan, with Katsuto Kora designated as its chief executive officer, they said.
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