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HINO
Hino (Subsidiary of Toyota)
Details found in the Merger information circular
In 2020, Hino Australia (a Toyota Company) and SEA agreed to a business arrangement whereby Hino would provide gliders (i.e., chassis/cab trucks without a powertrain) to SEA to be upfitted with the SEA-Drive® power-system. The finished vehicles are badged as SEA and distributed through Hino dealers and to certain direct customers in Australia and New Zealand.
SEA entered the U.S. market in 2019 and commenced working with Hino U.S. to upfit the SEADrive® power-system to Class 5 Hino chassis/cab trucks for distribution as SEA-badged vehicles.
In 2022, SEA was selected by Hino U.S. as a partner in their Project Z to become their supplier of zero-emission power-systems for their Class 4 through 7 trucks
In the Association of Southeast Asian Nations (“ASEAN”), SEA is working with Hino to supply zero-emission trucks for ASEAN countries.
Sales: [to Hino dealers in Australia and the U.S.]: Various Hino models badged as SEA and equipped with SEA power-systems are sold through Hino dealers in Australia and the U.S.
Development of Hino ZEV for Thailand. As of the date of this Circular, this project has completed development of an initial prototype for testing in Thailand. The second prototype is due to be assembled at the Hino facility in Thailand.
May 29, 2024 Slide Deck provided by Jeff O’Dowd to investor via email on August 13. 2024 just prior to Q2 Earnings call [PowerPoint Download]
The Company continues efforts to increase production and enhance operational efficiency, producing 46 propulsion systems for customers in April and May.
the Company is focused on meeting its goal of delivering more than 250 propulsion systems to customers through Q2 and Q3 of 2024
Exro and Hino Trucks are preparing to integrate the Coil Driver inverter technology with the current SD120a propulsion system.
This integration allows additional packaging flexibility, improved performance, and greater system efficiency while utilizing the same propulsion system as Exro’s existing production SEA-5e, validating the scalability of the technology.
We continue to explore together with Hino Trucks the full market potential as Exro’s differentiated motor control technology helps to solve some of the largest challenges of electrification –
cost, weight, and performance.
August 13, 2024 News Release: Powertrain Integration with Coil Driver
Exro’s 120a propulsion system, controlled by the Coil Driver inverter, can increase system efficiency and reduce costs
The integration offers flexibility in packaging, allowing multiple truck bed configurations from the existing 173″ platform currently in production to a 150″ wheelbase in demand by large national fleets under development for release to customers by Q1 2025.
“We are excited for the innovation that Exro continue bringing to the COE 5 (cab over electric class 5) market with innovative and cost-effective solutions,” says KC Wong, Business and Product Development Director, Hino Trucks
Announced a pilot program integrating the Company’s Coil Driver inverter technology with Exro’s proprietary EV propulsion system that powers SEA 5e, a Class 5 Battery Electric Truck that is built on Hino’s Class 5 Rolling Cab Chassis
