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) $ 96,902.96 0.65%
ethereum
Ethereum (ETH) $ 1,832.69 0.84%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.21 1.19%
bnb
BNB (BNB) $ 598.01 0.89%
solana
Solana (SOL) $ 150.27 0.88%
usd-coin
USDC (USDC) $ 1.00 0.02%
dogecoin
Dogecoin (DOGE) $ 0.180934 1.01%
cardano
Cardano (ADA) $ 0.705572 0.13%
tron
TRON (TRX) $ 0.245947 1.17%
staked-ether
Lido Staked Ether (STETH) $ 1,833.61 0.69%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,860.95 0.69%
sui
Sui (SUI) $ 3.44 7.00%
chainlink
Chainlink (LINK) $ 14.57 2.54%
avalanche-2
Avalanche (AVAX) $ 21.25 0.83%
stellar
Stellar (XLM) $ 0.275902 1.04%
leo-token
LEO Token (LEO) $ 8.88 0.67%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 1.80%
the-open-network
Toncoin (TON) $ 3.17 0.32%
hedera-hashgraph
Hedera (HBAR) $ 0.185459 1.78%
usds
USDS (USDS) $ 1.00 0.01%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,199.45 0.97%
bitcoin-cash
Bitcoin Cash (BCH) $ 368.91 0.78%
hyperliquid
Hyperliquid (HYPE) $ 20.30 0.61%
litecoin
Litecoin (LTC) $ 88.93 2.17%
polkadot
Polkadot (DOT) $ 4.18 0.29%
weth
WETH (WETH) $ 1,831.91 0.87%
monero
Monero (XMR) $ 283.74 4.69%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.06%
bitget-token
Bitget Token (BGB) $ 4.40 0.44%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
whitebit
WhiteBIT Coin (WBT) $ 29.21 0.31%
pi-network
Pi Network (PI) $ 0.598169 2.27%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,952.75 0.89%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 96,845.95 0.67%
pepe
Pepe (PEPE) $ 0.000009 4.48%
aptos
Aptos (APT) $ 5.42 2.22%
dai
Dai (DAI) $ 1.00 0.04%
bittensor
Bittensor (TAO) $ 365.81 1.80%
uniswap
Uniswap (UNI) $ 5.25 1.88%
okb
OKB (OKB) $ 51.27 1.30%
near
NEAR Protocol (NEAR) $ 2.54 1.23%
susds
sUSDS (SUSDS) $ 1.05 0.00%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
ondo-finance
Ondo (ONDO) $ 0.902399 2.76%
gatechain-token
Gate (GT) $ 21.80 0.99%
internet-computer
Internet Computer (ICP) $ 4.92 0.44%
aave
Aave (AAVE) $ 172.53 0.41%
ethereum-classic
Ethereum Classic (ETC) $ 17.10 1.13%
tokenize-xchange
Tokenize Xchange (TKX) $ 31.79 0.19%