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Toyota To Launch Hydrogen Fuel Cell Venture With Chinese Auto Firms

Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems.
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By car&bike Team

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1 mins read

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Published on June 5, 2020

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Highlights

    Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems.

    Toyota said it will launch the Beijing-based venture with FAW Group, Dongfeng Motor, Beijing Automotive, GAC and Beijing SinoHytec.

    The total investment amount will be about 5.02 billion yen ($46 million), Toyota said in a statement, adding it will hold a 65% share of the venture.

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    Last Updated on June 5, 2020

    # Toyota# hydrogen fuel cell# Toyota hydrogen fuel cell vehicle# Auto Industry# Electric Mobility
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