Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  Toyota Motor Corporation    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Toyota unveils revamped hydrogen sedan to take on Tesla

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/11/2019 | 12:19am EST
Prototype of Toyota Motor Corp's second-generation Mirai fuel-cell car is displayed in Tokyo

TOKYO (Reuters) - Toyota Motor Corp unveiled a completely redesigned hydrogen-powered fuel cell sedan on Friday in its latest attempt to revive demand for the niche technology that it hopes will become mainstream.

Japan's biggest automaker has been developing fuel-cell vehicles for more than two decades, but the technology has been eclipsed by the rapid rise of rival battery-powered electric vehicles promoted by the likes of Tesla Inc .

Ahead of the Tokyo Motor Show starting on Oct. 24, Toyota unveiled a prototype of the new hydrogen sedan built on the same platform as its luxury Lexus brand's LS coupe. The new Mirai model boasts longer driving range than its predecessor and completely redesigned fuel cell stack and hydrogen tanks, the company said.

"We wanted to make a car that people really want to buy, not just because it's an eco car," Yoshikazu Tanaka, chief engineer of the new Mirai, said at the unveiling.

"We wanted something that's fun to drive."

Its sporty redesign with longer wheelbase and lower-slung chassis is a marked departure from the first-generation Mirai, which looks like a bulked-up Prius hybrid.

The new car also has a 30% improvement in driving range over the previous iteration's approximately 700 kilometers (435 miles), according to the company.

Tanaka said the latest Mirai would cost less to make than its predecessor, because of a shift to mass production. The current model is mostly assembled by hand.

Costing consumers about 5 million yen ($46,500) after subsidies in Japan, the original Mirai is one of three fuel cell cars available to consumers. Hyundai Motor Co sells the Nexo, while Honda Motor Co Ltd leases out the Clarity.

Toyota has sold fewer than 10,000 of the Mirai, a fuel cell sedan it touted as a game changer at its launch five years ago. By contrast, Tesla sold 25,000 of battery-powered Model S sedans in its first year and a half.

Toyota declined to disclose a price for the model and said it would be available from late next year in Japan, North America and Europe.

(Reporting by Kevin Buckland; Editing by Miyoung Kim and Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
DESCENTE LTD. 2.25% 1546 End-of-day quote.-13.19%
GREE, INC. -0.76% 523 End-of-day quote.22.20%
HONDA MOTOR CO., LTD. -0.73% 3134 End-of-day quote.11.93%
HYUNDAI MOTOR CO End-of-day quote.
TESLA INC. 2.72% 359.52 Delayed Quote.8.03%
TOYOTA INDUSTRIES CORPORATION -1.08% 6420 End-of-day quote.30.49%
TOYOTA MOTOR CORPORATION -1.05% 7754 End-of-day quote.25.47%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TOYOTA MOTOR CORPORATION
01:24aTOYOTA MOTOR : Revs Up Lineup with New 302-Horsepower RAV4 Prime
AQ
11/19TOYOTA MOTOR : The Stunning Lexus LC 500 Convertible Makes its Global Debut at t..
AQ
11/19Trump can no longer impose 'Section 232' auto tariffs after missing deadline ..
RE
11/19TOYOTA MOTOR : New Model Yaris Makes World Premiere; New-generation compact car ..
AQ
11/19Qt World Summit Tokyo 2019 Features Partner and Customer Keynotes from Amazon..
AQ
11/19TOYOTA MOTOR : worker's suicide ruled work-related after harassment
AQ
11/19TOYOTA MOTOR : launches smartphone payment services for car rental, sharing
AQ
11/19Didi Chuxing to trial Japan premium service with Tesla, Mercedes cars
RE
11/19Toyota says labour officials found it responsible for worker suicide
RE
11/18TOYOTA MOTOR : employee's suicide caused by workplace harassment
AQ
More news
Financials (JPY)
Sales 2020 30 129 B
EBIT 2020 2 561 B
Net income 2020 2 282 B
Debt 2020 14 867 B
Yield 2020 3,02%
P/E ratio 2020 9,93x
P/E ratio 2021 9,34x
EV / Sales2020 1,21x
EV / Sales2021 1,20x
Capitalization 21 442 B
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 8 284,00  JPY
Last Close Price 7 754,00  JPY
Spread / Highest target 29,0%
Spread / Average Target 6,84%
Spread / Lowest Target -25,2%
EPS Revisions
Managers
NameTitle
Akio Toyoda President & Representative Director
Takeshi Uchiyamada Chairman
Koji Kobayashi CFO, Representative Director & EVP
Shigeki Terashi Director & Executive Vice President
Shigeru Hayakawa Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
TOYOTA MOTOR CORPORATION25.47%199 317
VOLKSWAGEN AG27.64%98 535
DAIMLER AG9.26%59 460
BMW AG3.99%52 504
GENERAL MOTORS COMPANY8.76%51 979
HONDA MOTOR CO., LTD.11.93%50 668