• Kyodo

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The truck units of Toyota Motor Corp. and Volkswagen AG have said they will team up on electric vehicle technology and set up a procurement joint venture as part of a broader alliance.

Japanese truck maker Hino Motors Ltd. and German truck manufacturer Traton AG said in a press release Tuesday that they “plan to share their development efforts and market products in shorter time” in connection with their EV operations, amid tighter emissions regulations across the globe.

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