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) $ 69,164.53 2.94%
ethereum
Ethereum (ETH) $ 2,479.28 3.75%
tether
Tether (USDT) $ 0.998786 0.00%
bnb
BNB (BNB) $ 564.71 3.29%
solana
Solana (SOL) $ 163.58 5.55%
usd-coin
USDC (USDC) $ 0.999708 0.01%
xrp
XRP (XRP) $ 0.508913 1.97%
staked-ether
Lido Staked Ether (STETH) $ 2,478.19 3.59%
dogecoin
Dogecoin (DOGE) $ 0.15678 6.57%
tron
TRON (TRX) $ 0.166298 0.84%
cardano
Cardano (ADA) $ 0.351036 2.36%
the-open-network
Toncoin (TON) $ 4.88 0.82%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,934.51 3.09%
shiba-inu
Shiba Inu (SHIB) $ 0.000017 3.98%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 69,112.52 2.78%
avalanche-2
Avalanche (AVAX) $ 24.13 5.77%
weth
WETH (WETH) $ 2,481.66 3.43%
chainlink
Chainlink (LINK) $ 11.09 4.90%
bitcoin-cash
Bitcoin Cash (BCH) $ 343.86 4.02%
usds
USDS (USDS) $ 0.999384 0.31%
leo-token
LEO Token (LEO) $ 6.07 0.25%
polkadot
Polkadot (DOT) $ 3.84 3.28%
sui
Sui (SUI) $ 1.91 8.28%
litecoin
Litecoin (LTC) $ 69.23 1.91%
near
NEAR Protocol (NEAR) $ 3.85 6.72%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,606.00 3.71%
aptos
Aptos (APT) $ 8.62 6.55%
uniswap
Uniswap (UNI) $ 7.35 7.64%
pepe
Pepe (PEPE) $ 0.000009 6.87%
internet-computer
Internet Computer (ICP) $ 7.68 4.13%
dai
Dai (DAI) $ 0.998657 0.13%
bittensor
Bittensor (TAO) $ 440.09 7.89%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.18 8.29%
monero
Monero (XMR) $ 155.21 1.98%
kaspa
Kaspa (KAS) $ 0.112866 4.63%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.34%
stellar
Stellar (XLM) $ 0.091662 1.90%
whitebit
WhiteBIT Coin (WBT) $ 18.91 0.62%
ethereum-classic
Ethereum Classic (ETC) $ 18.03 4.52%
first-digital-usd
First Digital USD (FDUSD) $ 0.996229 0.17%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.311554 4.12%
blockstack
Stacks (STX) $ 1.57 4.85%
okb
OKB (OKB) $ 37.87 1.97%
dogwifcoin
dogwifhat (WIF) $ 2.14 11.56%
aave
Aave (AAVE) $ 139.06 4.93%
filecoin
Filecoin (FIL) $ 3.42 4.15%
arbitrum
Arbitrum (ARB) $ 0.509566 6.12%
crypto-com-chain
Cronos (CRO) $ 0.072259 2.68%
mantle
Mantle (MNT) $ 0.569993 3.28%
thorchain
THORChain (RUNE) $ 5.50 4.88%