Toyota Provides Developmental Status Of Lunar Cruiser For Exploration On Moon
Portfolio Pulse from Nabaparna Bhattacharya
Toyota Motor Corporation (TM) has updated on the development of its Lunar Cruiser and Mitsubishi Heavy Industries Ltd.'s (MHVYF) LUPEX Rover for lunar exploration. The projects are led by the Japan Aerospace Exploration Agency (JAXA). Toyota plans to use regenerative fuel cell technology to power the rover, using the moon's water ice as an energy source. The company will also use solar energy and water to produce hydrogen and oxygen through electrolysis. TM shares are trading lower by 0.13% to $163.06.
July 21, 2023 | 4:39 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Toyota's Lunar Cruiser project, using innovative energy sources, is progressing. However, TM shares are trading lower by 0.13% to $163.06.
The news about the Lunar Cruiser project shows Toyota's commitment to innovation and long-term projects. However, the immediate market reaction is negative, with a slight drop in share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Mitsubishi Heavy Industries Ltd.'s LUPEX Rover is part of the lunar exploration mission led by JAXA and Toyota.
The news mentions Mitsubishi's involvement in the lunar exploration mission, but there is no specific impact on the company's stock or operations mentioned.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50