In the UK, Fuel Cells Works reported that Toyota announced a new joint venture with Chinese conglomerate Shudao Investment Group to build a major hydrogen fuel cell production base in Chengdu, Sichuan Province. With a total investment of approximately $124 million, the “Shudao Toyota Hydrogen Fuel Cell Smart Manufacturing Base” aims to become the region’s premier hydrogen hub for commercial vehicle applications, according to the report. The new project—already signed and scheduled to be operational by year-end—will produce hydrogen fuel cell systems, FC stacks, and essential components to support a wide range of commercial vehicles, including large trucks, dump trucks, buses, and municipal sanitation vehicles. It will integrate R&D, production, sales, and service operations under one roof, aligning with Toyota’s larger strategic objective to “actively contribute to China’s ‘double carbon’ goal of reducing carbon dioxide (CO2) emissions and achieving net-zero emissions,” the report added.
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