|Working with local communities, contributing to realizing sustainable, low-carbon societies|
Toyota City, Japan, Sept 27, 2018 - (JCN Newswire) - Toyota Motor Corporation and East Japan Railway Company (JR East) have signed a basic agreement for a comprehensive business partnership centered on a hydrogen-based mobility partnership between railways and automobiles. The partnership is aimed at realizing sustainable, low-carbon societies in the face of global warming and energy diversification.
The agreement is rooted in Toyota and JR East's desire to link railways and automobiles (two key means of land transport), fuse management resources, and accelerate the shift toward a low-carbon society by promoting initiatives that make use of hydrogen.
Toyota has developed fuel cell vehicles (FCEVs) and fuel cell buses (FC Buses) that feature Toyota-developed fuel cell (FC) technologies, and has experience in supporting the establishment of a network of hydrogen supply infrastructure, including hydrogen stations. JR East possesses technologies, know-how, and management resources related both to the railway business and to the development of stations and station surroundings.
The two companies wish to combine their respective strengths, and are presently engaged in detailed discussions centered on a wide range of fields surrounding hydrogen use. These include: establishing hydrogen stations on land owned by JR East, introducing FCEVs and FC Buses as a means of local transport, and applying FC technologies in railway carriages.
Toyota and JR East are also keen to ensure any tie-up between the two companies will lead to initiatives that are fully integrated into local communities. To this end, the two companies intend to request the cooperation of local governments, businesses, residents, and other stakeholders. In this way, they aim to construct a hydrogen supply chain that contributes to both regional growth and development.
Points of consideration toward a hydrogen-based business partnership
- Work together with local governments, businesses, residents, and other stakeholders
- Establish a hydrogen supply chain based at railway stations
- Contribute to regional development through low-carbon initiatives
1. Establish and expand the number of hydrogen stations, promote widespread use of hydrogen energy
- Establish hydrogen stations as part of JR East's Shinagawa Development Project
- Introduce FCEVs and FC Buses into regional transport networks that are connected to railways
- Use land owned by JR East to support the establishment and expansion of hydrogen stations in east Japan
2. Introduce FC technologies into railway carriages
- Carry out technological research into the safety of moving bodies loaded with large volumes of hydrogen
- Resolve various issues to develop and introduce FC technologies in railway carriages
About Toyota Motor Corporation
Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Sept 27, 2018 19:28 HKT/SGT
Source: Toyota Motor Corporation
Topic: Press release summary
From the Asia Corporate News Network
Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.