Toyota Urges Increased Investment in Hydrogen Cars to Avoid Chinese Dominance
Key Ideas
  • Toyota warns of the urgency to invest in hydrogen vehicles to compete with China.
  • China leads in hydrogen commercial vehicle sales, posing a threat to other countries' competitiveness.
  • Toyota compares the importance of investing in hydrogen cars to its successful pursuit of hybrid vehicles.
  • Toyota is considering a major acquisition to strengthen its position in the automotive industry.
Toyota is advocating for increased investment in hydrogen cars to prevent Chinese dominance in the industry. The car manufacturer alerts that China's current lead in hydrogen vehicle production poses a significant threat to global competitiveness. Toyota's head of hydrogen emphasizes the need for swift action to avoid a scenario where Chinese companies control the supply chains and exports of hydrogen fuel cell vehicles. Data from Interact Analysis reveals that China's sales of hydrogen fuel cell buses and trucks exceeded those of all other regions combined in 2024, reaching over 7,000 units. Toyota expresses confidence in the potential success of their hydrogen strategy, drawing parallels to their successful long-term commitment to hybrid cars. Additionally, Toyota is contemplating a substantial acquisition of a parts supplier valued at $28 billion, which could significantly impact their market position. Despite fierce competition, Toyota's RAV4 crossover secured the top spot as the best-selling car model globally in 2025, surpassing the previous leader, the Toyota Corolla, while the Ford F-Series also made significant gains, climbing to third place.
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