Business
Hexagon Purus signs new supply agreement with Hino Trucks and is set to explore options for the BVI segment
(Oslo, Norway, 16 June 2025) Hexagon Purus (the “Company”), a world leading manufacturer of zero-emission mobility and infrastructure solutions, has signed a long-term agreement with Hino Trucks (“Hino”) for production and supply of Class 6 & 7 battery electric straight trucks for the U.S. market. The truck is intended to carry the Hino brand and be made available for general sale through Hino’s extensive network of authorized dealers from 2026. An initial series of prototype vehicles will be pr
About this update from Hexagon Purus Asa
[{"type":"image","alt":"Hexagon Purus ASA","displaySize":"","headline":null,"caption":"Hexagon Purus ASA","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":170,"url":"https://media.zenfs.com/en/globenewswire.com/ef359785bcea09d9dce7383ad71d7a3c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/c2iCga.E4rVEe8y9JHtzpA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/ef359785bcea09d9dce7383ad71d7a3c","width":300,"height":170}},"lazy":false},{"type":"text","content":"(Oslo, Norway, 16 June 2025) Hexagon Purus (the “Company”), a world leading manufacturer of zero-emission mobility and infrastructure solutions, has signed a long-term agreement with Hino Trucks (“Hino”) for production and supply of Class 6 & 7 battery electric straight trucks for the U.S. market. The truck is intended to carry the Hino brand and be made available for general sale through Hino’s extensive network of authorized dealers from 2026. An initial series of prototype vehicles will be produced and delivered in Q4 2025.","length":536,"tagName":"p"},{"type":"text","content":"The vehicles will be based on Hino’s chassis and upfitted with Hexagon Purus’ proprietary zero-emission technology, including battery systems, auxiliary modules, and power modules. The class 6 & 7 straight truck will be using the same base technology and components as the Tern RC8 tractor, enabling strong synergies in terms of utilizing existing investments in product development and production capacity.","length":411,"tagName":"p"},{"type":"text","content":"“We are very happy to expand our current relationship with Hino to also produce and deliver this new class 6 & 7 straight truck for the US market”, says Todd Sloan, EVP, Battery Systems and Vehicle Integration at Hexagon Purus. “This product will serve back-to-base operations in urban areas with high frequency of stop-and-go activity over shorter distances, making it an ideal battery-electric alternative for fleet operators. This product targets an attractive trucking segment and will complement Tern’s existing city- and regional RC8 tractor”.","length":553,"tagName":"p"},{"type":"text","content":"As communicated in the Company’s fourth quarter 2024 report, Hexagon Purus initiated a review of its overall business portfolio to secure the Company’s cash runway to EBITDA an...