TOYOTA & HYDROGEN FUEL CELL DEVELOPMENTS
Toyota's New JV in China Source: Stock image of Hydrogen Fuel Cell Focus: Hydrogen Fuel Cell Systems Toyota is betting on a hydrogen fueled future. The Japanese auto giant is launching a new joint venture to build hydrogen fuel cell systems with 5 Chinese automotive companies. The joint venture will be based in Beijing. The Chinese automakers include Dongfeng Motors, FAW Group, GAC, Beijing Sinohytec and Beijing Automotive. An initial $46 million is being invested and Toyota holds a 65% share of the JV Toyota's Hydrogen City Toyota has a major belief in and commitment to hydrogen as an energy source. Today's JV announcement with the 5 Chinese automakers expands upon it. Toyota has introduced its Mirai hydrogen-electric powered car. And, Toyota is building what it calls the "city of the future" at the base of Mt. Fuji, Japan. The city will be powered by hydrogen fuel cells. And it will function as a living laboratory for hydrog...