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Toyota establishes fuel cell joint venture with Chinese OEM

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  • Toyota establishes fuel cell joint venture with Chinese OEM

    Toyota establishes fuel cell joint venture with Chinese OEMToyota is establishing a joint venture in China with FAW, Dongfeng, GAC, BAIC and SinoHytec for the joint development of fuel cell systems for commercial vehicles. However, the Japanese will hold the majority in the joint venture called United Fuel Cell System R&D (FCRD).


    As Toyota wrote in a statement, 65 percent of the FCRD stake will be held by the Toyota Motor Company. The Chinese hydrogen specialist SinoHytec will hold 15 percent, the four car companies each five percent. Dong Changzheng is to head the board of directors, and Ryu Akita is planned as CEO. Initially, 50 employees will work for the company in Beijing, and the number is expected to increase to 100 employees by 2023.

    FCRD will have five billion yen in capital from the six partners, Toyota says. That is the equivalent of around 40 million euros. The joint venture will be founded because the partners are convinced that the basis for the broad introduction of FCEV is open structures instead of measures by individual companies, the message says.

    Toyota and SinoHytec want to contribute their experience with fuel cell systems, while FAW, Dongfeng, GAC and BAIC "represent China's extensive know-how and market experience in the development of commercial vehicles". First, a product plan should be drawn up and fuel cell stacks developed "that meet the performance requirements in China". The control of the FC systems and vehicle integration are also part of the development work at FCRD.

    The joint development aims to "significantly" shorten the lead time to market maturity, "which can dramatically increase the pace of each phase of FCEV distribution in the Chinese commercial vehicle market." Toyota does not yet specify a specific goal in the communication.

    global.toyota
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