Toyota Shifts Focus To Europe, China Targeting Hydrogen Powered Vehicles: Report
Portfolio Pulse from Shivani Kumaresan
Toyota Motor Corp (NYSE:TM) is reportedly planning to shift its focus to selling hydrogen-powered trucks and cars in Europe and China, as part of its ambition to sell 200,000 hydrogen fuel-cell vehicles by 2030. This marks a shift in the automaker's growth focus from passenger cars sales and the North American market. Toyota and Daimler Truck Holding (OTC:DTRUY) have collaborated on developing hydrogen and other CASE technologies. Toyota expects the global fuel cells market growth to be about $35 billion by 2030.
July 11, 2023 | 4:51 pm
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Daimler Truck's collaboration with Toyota on developing hydrogen and other CASE technologies could potentially boost its market position.
Daimler Truck's collaboration with Toyota on developing hydrogen and other CASE technologies could potentially increase its competitiveness and market position. This could have a positive impact on its stock price.
CONFIDENCE 80
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Toyota's shift in focus to hydrogen-powered vehicles in Europe and China could potentially boost its market share in these regions.
Toyota's shift in focus to hydrogen-powered vehicles and its ambition to sell 200,000 units by 2030 could potentially increase its revenues and market share in Europe and China. This could have a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100