Allison Transmission Partners With Hino Trucks For BEV Trucks - Allison Transmission (NYSE:ALSN)

Allison Transmission Holdings Inc ALSN has been selected by Hino Trucks, a Toyota Motor Corp TM company, as its e-Axle development partner for Class 6, 7, and 8 Battery Electric Vehicle (BEV) trucks. The financial terms of the agreement were not disclosed.
The two companies have signed the framework behind a strategic Joint Collaboration Agreement (JCA) that builds on Allison and Hino's long-standing partnership in the conventional transmission space.
Under the agreement, Hino will integrate Allison's eGen Power 100D e-Axle into their vehicles, with low volume production beginning in early 2023.
As part of the work undertaken with Hino and other development partner-customers, Allison has launched a new e-Axle product - the eGen Power 100S.
Hino will be the first global OEM to integrate the eGen Power 100S.
Price Action: ALSN shares are trading higher by 2.97% at $38.08 on the last check Wednesday.