Stock Market News

Toyota and partners to develop small electric vans and fuel cell electric trucks

2022.07.19 22:46

Toyota and partners to develop small electric vans and fuel cell electric trucks
FILE PHOTO: Toyota logo is seen in Tokyo Motor Show in Tokyo, Japan October 24, 2019. REUTERS/Soe Zeya Tun/

TOKYO (Reuters) – Toyota Motor (NYSE:TM) Corp said on Tuesday it would work with allied automakers to develop small electric commercial vans and light-duty fuel cell electric trucks.

The models will be developed for a project to promote the widespread use of electrified vehicles and eventually for the mass-market. The project, due to begin from January 2023, will see the vehicles being used to transport goods between Tokyo and Fukushima prefecture.

Toyota said it will work with minivehicle specialists Daihatsu and Suzuki Motor Corp to develop small electric commercial vans, aiming to begin production next year and commence mass-market sales at a suitable time.

Minivehicles, which in gasoline versions have an engine displacement of up to 600cc, are a segment largely specific to Japan. Mini-commercial vehicles account for about 60% of the country’s entire commercial fleet and cover many areas only accessible to them because of their small size.

Toyota will work with truckmakers Isuzu Motors Ltd and Hino Motors Ltd in developing light-duty fuel cell trucks.

The project is scheduled to run until March 2030 and is being organised by a Toyota-led commercial electric vehicle coalition, with participation from local governments, logistics and energy companies.

Around 580 vehicles will be built for use in the project.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 97,635.16 1.69%
ethereum
Ethereum (ETH) $ 3,414.07 4.00%
tether
Tether (USDT) $ 1.00 0.14%
solana
Solana (SOL) $ 255.06 0.60%
bnb
BNB (BNB) $ 654.30 5.16%
xrp
XRP (XRP) $ 1.48 3.51%
dogecoin
Dogecoin (DOGE) $ 0.424239 6.27%
usd-coin
USDC (USDC) $ 1.00 0.11%
cardano
Cardano (ADA) $ 1.07 10.24%
staked-ether
Lido Staked Ether (STETH) $ 3,412.56 4.06%
tron
TRON (TRX) $ 0.212627 6.32%
avalanche-2
Avalanche (AVAX) $ 41.92 6.33%
the-open-network
Toncoin (TON) $ 6.29 14.90%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 5.40%
stellar
Stellar (XLM) $ 0.50642 54.65%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,044.55 3.67%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,477.12 1.82%
polkadot
Polkadot (DOT) $ 8.65 36.62%
chainlink
Chainlink (LINK) $ 17.55 15.22%
bitcoin-cash
Bitcoin Cash (BCH) $ 506.93 4.05%
weth
WETH (WETH) $ 3,414.47 3.95%
sui
Sui (SUI) $ 3.44 0.83%
pepe
Pepe (PEPE) $ 0.000021 2.59%
leo-token
LEO Token (LEO) $ 8.62 3.95%
near
NEAR Protocol (NEAR) $ 6.14 8.81%
litecoin
Litecoin (LTC) $ 98.86 9.06%
aptos
Aptos (APT) $ 12.77 6.59%
uniswap
Uniswap (UNI) $ 10.91 17.52%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,594.80 3.77%
hedera-hashgraph
Hedera (HBAR) $ 0.155378 14.70%
internet-computer
Internet Computer (ICP) $ 11.43 10.66%
crypto-com-chain
Cronos (CRO) $ 0.197858 4.64%
usds
USDS (USDS) $ 1.00 1.01%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.575949 21.71%
ethereum-classic
Ethereum Classic (ETC) $ 29.89 7.04%
render-token
Render (RENDER) $ 7.77 8.21%
kaspa
Kaspa (KAS) $ 0.154034 2.82%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.16%
bittensor
Bittensor (TAO) $ 513.42 5.72%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.41 15.47%
bonk
Bonk (BONK) $ 0.000049 0.72%
whitebit
WhiteBIT Coin (WBT) $ 24.74 0.20%
arbitrum
Arbitrum (ARB) $ 0.860017 11.82%
dai
Dai (DAI) $ 1.00 0.09%
vechain
VeChain (VET) $ 0.042166 25.34%
mantra-dao
MANTRA (OM) $ 3.66 0.41%
filecoin
Filecoin (FIL) $ 5.51 17.12%
dogwifcoin
dogwifhat (WIF) $ 3.28 6.30%
cosmos
Cosmos Hub (ATOM) $ 8.20 13.14%
blockstack
Stacks (STX) $ 2.07 7.35%