© Reuters. FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo/File Photo

SAN FRANCISCO (Reuters) – Commercial vehicle maker Daimler (OTC:) Truck on Thursday launched Rizon, a medium-duty electric truck brand for the United States, aiming to take on the likes of Isuzu Motors Ltd and Toyota Motor (NYSE:) Corp’s truck and bus unit Hino Motors.

Rizon will offer Class 4 and 5 trucks with lithium iron phosphate battery technology and start production in the third quarter of 2023, Andreas Deuschle, the global head of Rizon, said on a call with reporters.

Distribution will start in the fourth quarter through an exclusive agreement with Velocity Vehicle Group, the company said.

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