Thursday, 26 July 2018

Toyota plans to expand production, shrink cost of hydrogen fuel cell vehicles

Source: Reuters, 26th July 2018, by Naomi Tajitsu and Maki Shiraki

Naomi Tajitsu and Maki Shiraki reported, "TOYOTA CITY (Reuters) - Toyota Motor Corp (7203.T) is doubling down on its investment in hydrogen fuel cell vehicles, designing lower-cost, mass-market passenger cars and SUVs and pushing the technology into buses and trucks to build economies of scale. (...) “We’re going to shift from limited production to mass production, reduce the amount of expensive materials like platinum used in FCV components, and make the system more compact and powerful,” Yoshikazu Tanaka, chief engineer of the Mirai, said in an interview with Reuters. It is planning a phased introduction of other FCV models, including a range of SUVs, pick-up trucks, and commercial trucks beginning around 2025, a source with knowledge of the automaker’s plans said. (...) The company is also betting on improved performance. Toyota wants to push the driving range of the next Mirai to 700-750 kilometers from around 500 kilometers, and to hit 1,000 kilometers by 2025, a separate source said. (...)"

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