The leading auto manufacturer Toyota Motor Corporation and Denyo Co., Ltd. announce that they have jointly developed a fuel cell power supply vehicle that uses hydrogen to generate electricity. Denyo will work with Toyota to start verification tests with the aim of commercializing it and to help create a sustainable society, which is one of the aims of the Sustainable Development Goals (SDGs).
- Denyo is a leading manufacturer of mobile (portable) generators.
Denyo and Toyota are both actively engaged in efforts for the global environment as they see related problems as important issues for management.
The prominent investments and joint ventures by Toyota Motor are features below:
Aug 2020: To develop next generation mobility platform Toyota Motor Corporation announced a global collaboration with Amazon Web Services, Inc. (AWS), a subsidiary of technology giant Amazon.com. The expanded collaboration with AWS helps to strengthen Toyota’s Mobility Services Platform (MSPF).
Aug 2020: Mazda Motor Corporation and Toyota Motor Corporations new joint-venture Mazda Toyota Manufacturing, (MTM), announced an additional $830 million investment to boost manufacturing capacity.
April 2020: In response to COVID-19, the leading vehicle manufacturer Toyota Motor Corporation engaged in full-scale production of medical face shields in Japan. The company is increasing its capacity from 500 to 600 units per week by approximately 20 times to start production of 40,000 units per month. Toyota plans to further expand in-house production to approximately 70,000 pieces per month to help COVID fighters.
March 2020: Japanese automobile companies Toyota Motor Corporation and Hino Motors, Ltd. have announced to jointly develop a heavy-duty fuel cell truck. The two companies have decided to reduce CO2 emissions by 2050 and are developing electric vehicle technologies for global customers.
February 2020: Toyota Motor Corporation, announced a joint venture with Panasonic Corporation to establish a Prime Planet Energy & Solutions, Inc for automotive prismatic batteries. Both companies have concluded a joint-venture agreement toward the establishment of a new company.
January 2020: Toyota Indiana announced the completion of a $1.3 billion modernization project. The expansion adds 550 new jobs at the plant. The company invested in new equipment installation, retooling, and advanced manufacturing technologies to further modernize the facility to meet the strong demand for Toyota Highlander.
About Toyota Motor Corporation
Toyota Motor Corporation is the world’s leading automotive manufacturer headquartered in Toyota city, in Aichi, Japan. Toyota was founded by Kiichiro Toyoda in 1937. The company engages in the design, manufacture, assembly, and sale of passenger cars, minivans, commercial vehicles, and related parts.
Toyota Motor Corporation proudly employs more than 370,000 employees across the world. The company builds approximately 10 million vehicles per year in about 28 countries and regions of the globe. The company manufactures premium mini-vehicles to commercial trucks and sell them in around 170 countries under brands like Toyota, Lexus, Daihatsu, and Hino.