Hydrogen cars get a boost with Toyota, Hino, Daimler Truck, Mitsubishi Fuso MoU

The development of hydrogen cars just got an important shot in the arm as Toyota Motor Company, Hino Motors Ltd., Daimler Truck Holding AG, and Mitsubishi Fuso Truck and Bus Corporation (MFTBC) recently signed a groundbreaking Memorandum of Understanding (MoU).

Along with placing a greater focus on pooling their resources to develop technologies such as hydrogen cars, the MoU is also a part of the merging of Hino and MFTBC. First and foremost, the collaboration's goal is for carbon neutrality and to encourage a prosperous mobility society. It will be looking in particular at advancing Connected/Autonomous & Automated/Shared/Electric (CASE) technologies as well as the enhancement of the global commercial vehicle business.

The merge between Hino and MFTBC will occur under a new holding company. Within that holding company, each of the original businesses will have equal investment powers.

The nature of the MoU is designed to form and enhance commercial vehicle development, procurement and development. This could provide Japanese commercial vehicle manufacturing a boost in terms of global competition. Toyota and Daimler Truck will each be making equal investments into the new holding entity of the merged companies.

By working on H2 development and that of other CASE technologies, they intend to boost the new company's competitiveness.

Credit: Photo by depositphotos.com

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The companies will be working together on hydrogen cars, CASE technologies and other cleaner mobility advancements.

Over the next 18 months, the collaborators will be determining the specifics of their agreement, including the new holding company's location, name, corporate structure and shareholding ratio, among other factors. They expect that their definitive agreements will be signed in the first quarter of next year and closed by the end of next year.

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John Max is an experienced sound engineer with a bachelor's degree from UCLA. With over 25 years of experience in the entertainment industry, John has also worked as a machinist, producing parts for cameras.Apart from his professional achievements, John is passionate about classic cars, owning a dazzling 1976 Porsche 911. While he drives a Toyota Prius on a regular day, John is excited about getting his hands on his first hydrogen car soon.John has been an avid writer for Hydrogen Fuel News for 17 years, contributing to the team as they collectively investigate and learn about the growth and technology of hydrogen fuel. At Hydrogen Fuel News, John is part of a great team that shares a common goal of exploring and investigating the world of hydrogen fuel.

H2 News:Interesting new MOU from some major players. However, is there at least a paragraph or two on refueling infrastructure? Or, are these majors still depending on others to supply that critical part of this revolutionary change in transportation?

Tks,Larry

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