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ASAHI GROUP HOLDINGS, LTD.

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Heavy-Duty Fuel Cell Electric Truck Verification Tests to Start in Spring 2022; Tests will verify feasibility of using fuel cells to reduce CO2 emissions in logistics

10/13/2020 | 11:38am EDT

News Release Management Environment Innovation CASE Electric

Asahi Group Holdings, Ltd.

Seino Transportation Co., Ltd.

NEXT Logistics Japan Co., Ltd.

Yamato Transport Co., Ltd.

Toyota Motor Corporation

Hino Motors, Ltd.

Asahi Group Holdings, Ltd. (Asahi Group), Seino Transportation Co., Ltd. (Seino Transportation), NEXT Logistics Japan Co., Ltd. (NLJ), Yamato Transport Co., Ltd. (Yamato Transport), Toyota Motor Corporation (Toyota), and Hino Motors, Ltd. (Hino) have agreed to conduct on-the-road trials of heavy-duty fuel cell electric trucks (heavy-duty FCETs) starting in spring of 2022, accelerating the early commercial application of heavy-duty FCETs and contributing to the development of a sustainable society. This may be achieved, at least in part, by reducing CO2 emissions from heavy-duty FCETs, which account for approximately 70 percent of all CO2 emissions from commercial vehicles in Japan*. Toyota and Hino are jointly developing heavy-duty FCETs, and Asahi Group, NLJ, Seino Transportation, Yamato Transport, and Toyota will perform the road trials in their logistics operations.

Overview of the Trials

Scheduled start Spring 2022

Proposed transportation details and driving routes

Asahi Group & NLJ	Asahi Group will load the trucks with beer and soft drinks produced at its Ibaraki Brewery and whisky, spirits, wine, and other products from Asahi Breweries Heiwajima Delivery Center. The products will be unloaded at NLJ Sagamihara Center, and cargo from Kansai will be retrieved and returned to the Ibaraki Brewery.

Asahi Breweries Ibaraki Brewery (Moriya City, Ibaraki Prefecture) ? Asahi Breweries Heiwajima Delivery Center (Ota-ku, Tokyo) ? NLJ Sagamihara Center (Sagamihara City, Kanagawa Prefecture) ? Asahi Breweries Ibaraki Brewery

Seino Transportation	Cargo will be transported from the Tokyo Branch to the Sagamihara Branch and the Odawara Branch.

Tokyo Branch (Koto-ku, Tokyo) ? Sagamihara Branch (Sagamihara City, Kanagawa Prefecture) ? Odawara Branch (Odawara City, Kanagawa Prefecture) ? Tokyo Branch

Yamato Transport	Transport of collected parcels and other packages between the Haneda Chronogate Base* and the Gunma Base*

Haneda Chronogate Base (Ota-ku, Tokyo) ? Gunma Base (Maebashi City, Gunma Prefecture)

*A base is a facility that functions as a parcel sorting and highway transportation hub.

Toyota	Transportation of parts between Toyota plants in Aichi Prefecture and Toyota Tobishima Logistics Center

Toyota plants (Aichi Prefecture) ? Toyota Tobishima Logistics Center (Nagoya Port)

Logistics operation Map

Logistics operation Map (Asahi Group & NLJ, Seino Transportation, Yamato Transport)

Logistics operation Map (Toyota)

Heavy-duty FCETs (rendering)

Heavy-duty FCETs (rendering)

For referenceVehicle outline

Vehicle	Base model	Hino Profia FR1AWHG
Length / width / height	11,990 / 2,490 / 3,780 mm
Total vehicle weight	25 t
FC stack	Name (type)	Toyota FC Stack (Polymer electrolyte fuel cell)
Motor	Type	AC synchronous
High-pressure hydrogen tank	Developing a new large capacity high pressure (70MPa) hydrogen tank
Battery	Type	Lithium ion battery
Cruising range (proposed)	Approx. 600 km

in integrated city and highway driving cycle; Toyota and Hino internal measurements

The heavy-duty FCETs used in highway transportation must have adequate range and load capacity as well as being able to refuel quickly. Fuel cell systems, which are powered by high-energy-density hydrogen, are believed to be effective for the electrification of heavy-duty trucks. The heavy-duty FCETs that will be developed are anticipated to have a target range of approximately 600 km. The objective is to meet high standards for both environmental performance and practicality as a commercial vehicle.

Each of the companies participating in the trials have positioned global environmental issues as key management issues, and are taking various actions including reducing energy consumption in manufacturing processes and reducing environmental impact in logistics operations. Going forward, each company will accelerate its efforts for early practical application of heavy-duty FCETs with the aim of contributing to the development of a sustainable society.

Trucks and buses with gross vehicle weight of over 3.5 tons, according to research by Hino, as of September 30, 2020.

Sustainable Development Goals

Toyota Motor Corporation works to develop and manufacture innovative, safe and high-quality products and services that create happiness by providing mobility for all. We believe that true achievement comes from supporting our customers, partners, employees, and the communities in which we operate. Since our founding over 80 years ago in 1937, we have applied our Guiding Principles in pursuit of a safer, greener and more inclusive society. Today, as we transform into a mobility company developing connected, automated, shared and electrified technologies, we also remain true to our Guiding Principles and many of the United Nations' Sustainable Development Goals to help realize an ever-better world, where everyone is free to move.

SDGs Initiatives	https://global.toyota/en/sustainability/sdgs/

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ASAHI GROUP HOLDINGS, LTD. -0.55% 5433 End-of-day quote.28.02%
HINO MOTORS, LTD. -2.94% 956 End-of-day quote.8.76%
TOYOTA MOTOR CORPORATION -3.88% 9833 End-of-day quote.23.58%
YAMATO HOLDINGS CO., LTD. 0.82% 3060 End-of-day quote.16.31%
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Sales 2021 2 289 B 20 785 M 20 785 M
Net income 2021 161 B 1 460 M 1 460 M
Net Debt 2021 1 623 B 14 738 M 14 738 M
P/E ratio 2021 17,2x
Yield 2021 2,02%
Capitalization 2 675 B 24 265 M 24 293 M
EV / Sales 2021 1,88x
EV / Sales 2022 1,75x
Nbr of Employees 29 850
Free-Float 93,4%
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