Toyota Plans To Develop Light-Duty Fuel Cell Electric Trucks
Author: Shivani Kumaresan | July 21, 2022 07:42am
- Toyota Motor Corp (NYSE:TM) plans to work with Isuzu Motors, Ltd (OTC:ISUZY), Hino Motors Ltd (OTC:HINOF), and Commercial Japan Partnership Technologies Corp (CJPT) to develop light-duty fuel cell electric trucks for the mass-market.
- The joint initiative is expected to contribute to realizing a hydrogen society and carbon neutrality by expanding the options available for customer use.
- FC technology runs on high energy density hydrogen and has zero CO2 emissions while driving.
- It will be introduced to the market after January 2023 and used by the partners at actual distribution sites in Fukushima Prefecture and Tokyo social implementation projects.
- Price Action: TM shares closed lower by 1.57% at $157.90 on Wednesday.
- Photo Via Company
Posted In: HINOF ISUZY TM