From July 2023, NYK Zhenhua Logistics (Tianjin) Co. Ltd. (NYK Zhenhua),* an NYK joint venture, will start a demonstration test to examine potential issues involving a large EV (electronic vehicle) truck. This test will be performed jointly with Mitsui Sumitomo Insurance (China) Ltd. (MSIC)** and Panasonic Navinfo Mobility Technology Service (Beijing) Co. Ltd. (Panasonic Navinfo).***

EVs have become more common worldwide amid the trend toward decarbonization, while safety and economic risks caused by battery abnormalities and deterioration have become issues that need to be urgently resolved. Especially in China, the world’s largest EV market, this matter has become a concern for companies such as logistics providers, which are increasingly using more of these vehicles.

The three companies will conduct a demonstration test from July 2023 to January 2024. During that time, NYK Zhenhua will introduce a large EV truck to transport auto parts between factories in Tianjin. The company will then utilize BetteRRRy, a battery-analysis cloud service provided by Panasonic Navinfo, to verify the environmental contribution, economic efficiency, and safety of the EV truck. Concurrently, NYK Zhenhua will provide the EV truck’s battery-status data to MSIC through BetteRRRy.

Through this demonstration test, NYK Zhenhua will verify the effectiveness of an EV truck and proceed to further consider their introduction within China, whilst examining the possibility of adopting solutions and insurance products for addressing battery issues. In the future, the NYK Group aims to utilize know-how gained through this demonstration test in areas other than China, and will further promote decarbonization in the auto parts transportation business.

Participation in this demonstration test is part of business activities related to Sail GREEN, a brand that emphasizes NYK's efforts to reduce GHG emissions through the transport of goods and contribute to the eco-friendly supply chains of customers, regardless of the mode of transport (e.g., by sea or land, through terminals, etc.).

* NYK Zhenhua Logistics (Tianjin) Co., Ltd.
An NYK Line joint venture that operates a logistics business in China
Head office: Tianjin, P. R. China
President: Shinichiro Shimomura

** Panasonic Navinfo Mobility Technology Service (Beijing) Co., Ltd.
A subsidiary company of Mitsui Sumitomo Insurance Co. Ltd. that operates an insurance and compensation business in China
Head office: Beijing, P. R. China
President: Yoshida Shigeyuki
Website: https://holdings.panasonic/jp/

*** Mitsui Sumitomo Insurance (China) Company Ltd.
A joint venture of Panasonic Holdings Corporation that provides battery analysis cloud services in China
Head office: Shanghai, P. R. China
Managing Director: Masahiko Suga
Website: https://www.ms-ins.com.cn/Index_EN

On March 10, 2023, the NYK Group released its medium-term management plan “Sail Green, Drive Transformations 2026 - A Passion for Planetary Wellbeing. ” The NYK Group is promoting growth strategies with ESG at the core, based on the Group’s mission statement of “Bringing value to life” and a new corporate vision for 2030, which reads, “we go beyond the scope of a comprehensive global logistics enterprise to co-create value required for the future by advancing our core business and growing new ones.”