Aug 23, 2024 03:58 AM
BUSINESS
Toyota-Backed Fuel Cell Plant Kicks off Production in Beijing
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Toyota has been a pioneer in FCEVs, launching its first fuel cell-powered model, the Mirai, in 2014
A new plant backed by Japanese automaker Toyota and its Chinese partners has begun operations in Beijing to develop and manufacture hydrogen fuel cell systems for vehicles.
The plant has an initial capacity of producing up to 10,000 fuel cell systems a year. A second phase of the project, which is being backed financially by United Fuel Cell System R&D (Beijing) Co. Ltd. and Toyota Sinohytec Fuel Cell Co. Ltd., is set to be launched in 2026, Toyota said Wednesday.
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- Toyota and partners have launched a plant in Beijing to manufacture hydrogen fuel cell systems, with an initial production capacity of 10,000 units annually.
- Toyota's global FCEV sales fell by 51.8% in the first half of 2024, despite increased sales in Japan, while hybrid and electric vehicle sales were significantly higher.
- The Chinese government is encouraging fuel cell use in commercial vehicles, leading Toyota and Hyundai to develop fuel cell buses and trucks in China.
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Who’s Who
- United Fuel Cell System R&D (Beijing) Co. Ltd.
- United Fuel Cell System R&D (Beijing) Co. Ltd. is a joint venture involving Toyota and five Chinese partners, including Beijing Sinohytec Co. Ltd., China FAW Group Co. Ltd., Dongfeng Motor Corp. Ltd., Guangzhou Automobile Group Co. Ltd., and Beijing Automotive Group Co. Ltd. Toyota holds a 65% stake in this venture, which focuses on fuel cell research and development.
- Toyota Sinohytec Fuel Cell Co. Ltd.
- Toyota Sinohytec Fuel Cell Co. Ltd. is a 50-50 joint venture between Toyota and Beijing Sinohytec. The company engages in the manufacturing of fuel cell systems. It is involved in the second phase of the hydrogen fuel cell plant project in Beijing, set to launch in 2026.
- Beijing Sinohytec Co. Ltd.
- Beijing Sinohytec Co. Ltd. is a Chinese fuel cell system developer and one of Toyota's partners in United Fuel Cell System R&D (Beijing) Co. Ltd., a joint venture for fuel cell research and development. The company is also involved in Toyota Sinohytec Fuel Cell Co. Ltd., a 50-50 venture with Toyota focused on fuel cell manufacturing.
- China FAW Group Co. Ltd.
- China FAW Group Co. Ltd. is one of the five Chinese partners in the joint venture United Fuel Cell System R&D (Beijing) Co. Ltd. with Toyota, focusing on fuel cell research and development. The venture is part of a broader initiative to develop and manufacture hydrogen fuel cell systems for vehicles, backed by financial support from both entities.
- Dongfeng Motor Corp. Ltd.
- Dongfeng Motor Corp. Ltd. is one of Toyota's five Chinese partners in the fuel cell research and development joint venture, United Fuel Cell System R&D (Beijing) Co. Ltd. This venture focuses on developing hydrogen fuel cell systems, and Toyota holds a 65% stake in it.
- Guangzhou Automobile Group Co. Ltd.
- Guangzhou Automobile Group Co. Ltd. is one of the five Chinese partners in the United Fuel Cell System R&D (Beijing) Co. Ltd. joint venture with Toyota. This joint venture focuses on fuel cell research and development. The new plant in Beijing aims to produce up to 10,000 fuel cell systems annually, with a second phase planned for 2026.
- Beijing Automotive Group Co. Ltd.
- Beijing Automotive Group Co. Ltd. is one of the five Chinese partners in United Fuel Cell System R&D (Beijing) Co. Ltd., a joint venture with Toyota focused on fuel cell research and development.
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What Happened When
- 2020：
- The Ministry of Finance in China issued policies to provide financial incentives to support fuel cell system research.
- 2021：
- Hyundai established a wholly owned fuel cell company to operate a plant in Guangzhou, with an initial production capacity of 6,500 units a year.
- Before the first half of 2024：
- Toyota’s global FCEV sales fell by 51.8% year-on-year to 1,134 units.
- First half of 2024：
- Toyota sold 1.9 million hybrid vehicles and 73,000 pure electric vehicles globally.
- By the first seven months of 2024：
- About 3,000 FCEVs were sold in China, up 25.5% year-on-year.
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