TOKYO (AP) – Toyota, Isuzu և Hino automakers announced Wednesday that they are partnering with commercial vehicles to work together on electric, hydrogen, combined and autonomous driving technologies.
Under the deal, Toyota Motor Corp., Japan’s leading automaker and Isuzu Motors, will each take a 4.6% stake, the three companies said in a joint statement. Hino Motors is a division of Toyota trucks and was a competitor to Isuzu.
The three companies together control 80% of the Japanese truck market.
Toyota, which makes luxury Camry sedan, Prius hybrid և Lexus models, sold 5.9% of the shares of Isuzu it bought in 2006 in 2018. Earlier, Isuzu had a capital connection with the American General Motors Co. with a car concern.
The partnership between Toyota, Isuzu and Hino is designed to reduce hydrogen emissions by building hydrogen infrastructure to help address driver shortages by disseminating information online and making deliveries more efficient.
“These days, it’s hard to know which way is right,” Toyota President Akio Toyoda told an online news conference.
“And so we just have to try it and then try again. It is through this process of repetition that Toyota has achieved what it has. ”
The three companies plan to develop electric vehicles, fuel cell vehicles, autonomous driving: electronic truck platforms, allowing them to reduce costs, boost environmental infrastructure, and improve traffic safety.
“Companies need to innovate if we are to build a better society,” said Isuzu President Masanori Katayama.
In addition to their stakeholders, Isuzu, Hino and Toyota have jointly established a company called Commercial Japan Partnership Technologies Corp. in Tokyo to promote their technology, technology and services. conference.
With a market capitalization of 10 million yen ($ 93,000), the new company is 80% owned by Toyota and 10% by Isuzu և Hino.
“This new framework is a definite step in helping to address societal challenges,” said Yoshio Shimon, President of Hino.
The most important project of the Toyota-Isuzu-Hino connection is the introduction of fuel cell trucks in the model of “hydrogen-based society” developed in Fukushima Prefecture, which suffered from the tsunami, earthquake and nuclear disasters in March 2011.
Toyota said that since that day, every March, he travels to northeastern Japan to commemorate the triple disasters. This year, he visited the still-polluted city of Namie in Fukushima, where he hopes the hydrogen society’s efforts will help rebuild the region.
“We want to make it easier for people to move things,” Toyoda said.
Shares of Toyota fell 2.2% and shares of Isuzu fell 5.4% in Tokyo trading on Wednesday. Shares of Hino slipped almost 1.0%, while the Nikkei 225 ended 2% lower.
Yuri Kageyama is on Twitter: https://twitter.com/yurikageyama