Stock Market News

Japan start-up to offer fleet service using China’s Geely EVs

2022.04.07 06:50

Japan start-up to offer fleet service using China's Geely EVs
FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song

By Satoshi Sugiyama

TOKYO (Reuters) – A Japanese battery start-up said on Thursday it would launch a commercial fleet service using electric vehicles from China’s Geely Auto Group, joining a growing field of services aimed at helping companies reduce their carbon footprint.

Yokohama-based 3DOM Inc, a university-led venture set up in 2014 to develop separators for batteries, said it would offer the carbon neutral EV service through subscription or lease so that users could avoid high purchase costs.

Companies are under increasing pressure from investors and the public to reduce their carbon footprint, and Chinese automakers have led the way in Japan through their relatively low-cost battery electric vehicles.

Leading Japanese delivery firm Sagawa Express Co plans to start replacing all 7,200 of its commercial mini-vehicles with EVs supplied by Guangxi Automobile Group this year. Another firm, SBS Holdings, has plans to use electric trucks produced by Dongfeng Motor group.

3DOM said the electricity that would power Geely’s light commercial van would be produced from wind power and other green sources in partnership with utilities. The running cost for the service to lease the vans would be on a par with a gasoline-powered fleet, it said.

3DOM said the fleet would comprise about 7,500 vehicles and several companies including delivery services and supermarket operators were considering its service. It did not elaborate.

Among Japanese automakers, Mitsubishi Motors (OTC:MMTOF) Corp provides EVs for the postal service, while Toyota Motor (NYSE:TM) Corp has a trial service with convenience store operators to use its fuel-cell hydrogen electric vehicles.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,745.46 0.63%
ethereum
Ethereum (ETH) $ 3,470.28 4.77%
tether
Tether (USDT) $ 1.00 0.21%
solana
Solana (SOL) $ 262.28 2.45%
bnb
BNB (BNB) $ 673.73 8.09%
xrp
XRP (XRP) $ 1.57 9.01%
dogecoin
Dogecoin (DOGE) $ 0.460797 15.04%
cardano
Cardano (ADA) $ 1.13 24.08%
usd-coin
USDC (USDC) $ 0.999667 0.13%
staked-ether
Lido Staked Ether (STETH) $ 3,466.36 4.60%
tron
TRON (TRX) $ 0.21999 10.40%
avalanche-2
Avalanche (AVAX) $ 42.84 10.39%
shiba-inu
Shiba Inu (SHIB) $ 0.000027 11.13%
the-open-network
Toncoin (TON) $ 6.22 13.60%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,107.13 4.93%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,361.35 0.73%
stellar
Stellar (XLM) $ 0.470971 58.00%
polkadot
Polkadot (DOT) $ 8.35 34.57%
chainlink
Chainlink (LINK) $ 17.59 15.96%
bitcoin-cash
Bitcoin Cash (BCH) $ 535.13 11.05%
sui
Sui (SUI) $ 3.64 3.42%
weth
WETH (WETH) $ 3,465.49 4.68%
pepe
Pepe (PEPE) $ 0.000022 7.35%
leo-token
LEO Token (LEO) $ 8.60 2.46%
near
NEAR Protocol (NEAR) $ 6.45 14.87%
litecoin
Litecoin (LTC) $ 103.23 14.37%
aptos
Aptos (APT) $ 12.99 9.50%
uniswap
Uniswap (UNI) $ 10.82 14.49%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,650.31 4.70%
hedera-hashgraph
Hedera (HBAR) $ 0.152986 16.36%
internet-computer
Internet Computer (ICP) $ 11.60 17.26%
crypto-com-chain
Cronos (CRO) $ 0.197893 6.16%
usds
USDS (USDS) $ 1.00 1.19%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.577478 26.30%
ethereum-classic
Ethereum Classic (ETC) $ 30.48 10.39%
render-token
Render (RENDER) $ 8.06 12.36%
kaspa
Kaspa (KAS) $ 0.161979 9.46%
bittensor
Bittensor (TAO) $ 539.45 9.90%
bonk
Bonk (BONK) $ 0.000051 1.61%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.33%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.42 14.91%
vechain
VeChain (VET) $ 0.043956 35.40%
arbitrum
Arbitrum (ARB) $ 0.866441 8.04%
whitebit
WhiteBIT Coin (WBT) $ 24.67 0.15%
dogwifcoin
dogwifhat (WIF) $ 3.52 11.56%
dai
Dai (DAI) $ 0.999322 0.26%
mantra-dao
MANTRA (OM) $ 3.75 1.54%
cosmos
Cosmos Hub (ATOM) $ 8.34 17.17%
filecoin
Filecoin (FIL) $ 5.31 14.40%
blockstack
Stacks (STX) $ 2.12 12.02%