FUSO Truck and Bus Corporation (Financials)
Fuso Electric Truck Update: 2024 Performance
Mitsubishi Fuso Truck and Bus Corporation (MFTBC), majority-owned by Daimler Truck, demonstrated progress in electrification despite overall market challenges in 2024. While Trucks Asia segment, which includes FUSO, saw total sales decline to 125,234 units (-22% year-over-year), the company’s electric vehicle strategy showed promising growth.
Key Highlights:
- Daimler Truck’s battery-electric vehicle sales grew 17% to 4,035 units globally
- FUSO’s eCanter maintains its position as Japan’s first mass-produced electric light-duty truck
- Parent company Daimler Truck sold 460,409 total vehicles (-12% vs 2023)
FUSO continues to lead in commercial vehicle electrification in Japan, with its eCanter serving as a cornerstone of the company’s zero-emission strategy. The company’s commitment to electric mobility is part of its broader technology advancement initiatives, which also include automated driving support technology in its heavy-duty segment.
Full financial details for 2024 and forecasts for 2025 will be presented at Daimler Truck’s Annual Results Conference on March 14th.
