Toyota to provide hydrogen fuel cell vehicle parts to automakers

Japan Economic Newswire |

Toyota Motor Corp. is planning to provide major hydrogen fuel cell vehicle parts to other automakers to promote their entry into the market, company officials said Wednesday.

As development of the next-generation green car would be difficult for medium-scale companies due to huge costs, Toyota is considering supplying parts such as fuel cells, high-pressure hydrogen tanks and motors to them in order to accelerate the spread of FCVs.

Once its production and sales of FCVs get under way and its production capacity becomes ready, Toyota plans to supply the parts to other car manufacturers, the officials said.

If more companies enter the market, it will be easier for the government and energy industry to develop infrastructure including hydrogen charging stations, according to experts.

FCVs, powered by electricity generated through the chemical reaction of hydrogen and oxygen, emit only water and no carbon dioxide. Toyota said last week it will launch a sedan-style FCV in Japan by next March at a retail price of around 7 million yen.

If the production of FCVs will increase with its parts supply, Toyota could slash manufacturing costs and lower the price of the vehicle later.

"For cutting costs, technological innovation is important but mass production is effective," said a Toyota executive.

Fuji Heavy Industries Ltd., with which Toyota formed a capital alliance, is seen as one of the potential automakers for supplying the parts. Since Toyota manufactures most of its major FCV parts, it would be difficult for other carmakers to purchase parts to be used in the vehicle.

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