Following the negotiations initiated in 2016 with a view to developing Electric Mobility, contributing to the reduction of air pollution, expansion of our markets and the globalization of our products, Mitsui & Co. Ltd. (hereinafter referred to as “Mitsui”) completed its minority interest in the capital stock of CaetanoBus and in the bus business of the Salvador Caetano Group, on December 15. Utilizing Mitsui’s global network and leveraging the comprehensive strengths it has accumulated through its IT & Communication, power infrastructure, and energy businesses, Mitsui will contribute to the promotion of CaetanoBus Electric buses to Europe, Asia and worldwide. With the alliance between CaetanoBus and Mitsui it is intended that, in terms of sales, e.City Gold and the electric chassis, will represent as early as 2025 more than 1000 units sold per year.
Mitsui is a leading global trading and investment company established in 1947 and its business area covers the sale of products, logistics worldwide, financing and development of major international infrastructures. In addition, Mitsui has other projects such as iron, steel, minerals, integrated transportation systems, chemical, energy, food, and service management related to food, health, new communication technologies and corporate business development. CaetanoBus is the most important manufacturer of buses and chassis in Portugal. Established in 1946, by Salvador Fernandes Caetano, CaetanoBus manufacture coaches for urban, tourism and airport service. Most of our products are intended for export all over the world. A leader in the COBUS airport bus market, the Company has a clear global competitive advantage in this segment, with a market share of more than 75%, corresponding to a fleet of about 3500 vehicles operating at airports in more than 100 countries. At the base of its bet in the area of Electric Mobility, CaetanoBus has the urban e.City Gold bus and E.COBUS airport bus, as well as the production of electric chassis for urban buses. CaetanoBus has a consolidated offer in vehicles for cities and airports, as a result of its high technical capacity in developing mobility and engineering solutions unique and oriented to its Customers.