Jiji Press TOKYO (Jiji Press) — Toyota Motor Corp. and 10 other entities said Monday that they have established a joint venture to speed up the installations of hydrogen stations for fuel cell vehicles.
The 11 institutions are united to help realize a hydrogen society, as targeted by the Japanese government.
The new company, Japan H2 Mobility LLC, which is based in Tokyo and capitalized at ¥50 million, was set up on Feb. 20.
The founders other than Toyota are Nissan Motor Co., Honda Motor Co., JXTG Nippon Oil & Energy Corp., Idemitsu Kosan Co., Iwatani Corp., Tokyo Gas Co., Toho Gas Co., Air Liquide Japan Ltd., Toyota Tsusho Corp. and the government-affiliated Development Bank of Japan.
The 11 investors’ ownership ratio in the joint company was not disclosed.
In the nation, 101 hydrogen stations have been or are planned to be installed, mainly in urban areas. The government plans to boost the figure to 320 by fiscal 2025.
Japan H2 Mobility has set its operation period at 10 years from fiscal 2018, aiming to install 80 new stations in the first four years.
The new company will also work to make sure that there is no prefecture without a hydrogen station.
Phasing out diesel in Europe
NAGOYA (Jiji Press) — Toyota Motor Corp. plans to reduce sales of diesel passenger cars in Europe in stages from this year, aiming to eventually stop selling them in the future, it was learned Tuesday.
With consumers increasingly shifting away from diesel engine vehicles on the back of tightening environmental regulations in the region, Toyota will cease to offer diesel versions when model changeovers are made, informed sources said.
The leading Japanese automaker unveiled its remodeled Auris car at an international motor show in Geneva on Tuesday, while abolishing a diesel version for the vehicle.
Meanwhile, Toyota will continue to offer diesel versions of the Hilux and other commercial vehicles for which demand from companies is high and large vehicles such as the Land Cruiser, the sources said.Speech