Archion Corporation, the new holding company for Japanese commercial vehicle manufacturers Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Hino Motors, announced that it will join the Commercial Japan Partnership Technologies Corporation (CJPT) in place of MFTBC and Hino.
The merger was completed at the beginning of April 2026, after it was cleared by Japan’s Fair Trade Commission, with Archion owning 100% of the shares in both MFTBC and Hino and being listed on the Tokyo Stock Exchange. Their former parent companies, Daimler Truck AG and Toyota Motor Corporation, each own 25% of the equity in the new holding company, with the remaining 50% of the shares being publicly traded.
Archion pointed out that CJPT was established with the aim of “addressing logistics challenges through collaboration among like-minded companies,” including logistics operators, infrastructure providers, and local governments. It aims to promote initiatives in areas such as electrification and logistics efficiency for commercial vehicles.
Its aim is to accelerate the social implementation of CASE (Connected, Autonomous, Shared services, and Electric/zero emission) technologies “to help solve transportation challenges and contribute to the realization of a carbon-neutral society.”
“Archion replaces Hino, Fuso at CJPT” was originally created and published by Just Auto, a GlobalData owned brand.
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