Archion

Archion is the holding company that was organized to assume full ownership of the truck manufacturing companies Hino Motors and Mitsubishi Fuso in 2026, following their 2025 merger agreement.^[1][2][3]

Archion was established in Japan on 2 June 2025, and is expected to become operational on 1 April 2026 (to align with the Japanese fiscal year). Toyota and Daimler Truck, respectively the parent companies of Hino and Fuso, will each own 25% of Archion.^[1][2][3] The merger was delayed from 2024 because of concerns that Hino would be liable in the United States for fraudulently certifying its engines' air pollutant emissions.^{[4][5][Note 1]} It also took longer than expected to receive regulatory approval in Japan and Southeast Asia, where both truckmakers have large market shares.^[4]

Truck production will be consolidated into three Japanese factories (at Kawasaki in Kanagawa, Koga in Ibaraki, and Ōta in Gunma). Hino's factory at Hamura, Tokyo will become a Toyota factory, and Fuso's factory at Aikawa, Kanagawa will be subsumed into the facility at Kawasaki. Initially, the Fuso and Hino brands and corporate operations will remain distinct, and Archion will continue to offer truck models from both brands. Several of Archion's executive management roles will be filled by a combination of former Fuso and Hino personnel, including a CEO and CFO from Fuso, and a CTO from Hino.^[1][2][3]

Additionally, Archion intends to pursue the development and increased commercialization of zero-emissions vehicles (including hydrogen-powered vehicles, which are politically important in Japan and closely associated with Toyota). Presently, both Hino and Fuso have battery-electric vehicle development programs, and Hino is developing fuel-cell drivetrains.^[1]