Log in
E-mail
Password
Show 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
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Toyota Motor Corporation
  6. News
  7. Summary
    7203   JP3633400001

TOYOTA MOTOR CORPORATION

(7203)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Toyota Motor : Hydrogen-powered Engine Corolla Takes on the Challenge of Transporting Imported Hydrogen at Super Taikyu Series 2021 Suzuka S-tai

09/17/2021 | 11:42pm EDT

Sep. 18, 2021

Hydrogen-powered Engine Corolla Takes on the Challenge of Transporting Imported Hydrogen at Super Taikyu Series 2021 Suzuka S-tai
The challenge of realizing a hydrogen society toward carbon-neutrality
  • Trialing the transportation of hydrogen from overseas, with the supply of lignite-derived hydrogen produced in Australia together with Kawasaki Heavy Industries, etc.
  • Challenging the transportation of clean hydrogen within Japan, through the use of bio-fuel and fuel cell electric trucks (FCETs)
Improvement of hydrogen-powered engine vehicles
  • Through agile development based on racing, we have improved the vehicle by increasing the power output and shortening the hydrogen filling time. We have introduced a new connected system at the development site.

Toyota City, Japan, September 18, 2021―Toyota Motor Corporation (Toyota) announced today that it will enter a vehicle equipped with a developmental hydrogen-powered engine at the five-hour-long Super Taikyu Series 2021 Powered by Hankook Round 5 Suzuka S-tai, which takes place from September 18 to 19, 2021. The hydrogen-powered engine is being developed as part of Toyota's efforts to realize a carbon-neutral mobility society. Just as in Round 3 and Round 4, the vehicle will be entered under the ORC ROOKIE Racing banner, and Toyota President Akio Toyoda will participate in the race as the driver Morizo.

A vehicle equipped with a hydrogen-powered engine races at the Super Taikyu Race in Autopolis

In order to achieve a carbon-neutral hydrogen society through racing hydrogen-powered engine vehicles, a group of people with the will and passion to work together, have gathered from across industries and are taking on various challenges together. In the race at Fuji Speedway, we tried 'using' hydrogen, and in the race at Autopolis, we tried to expand our options in the area of 'producing' hydrogen. In the Suzuka race this time, we will challenge on the theme of 'transporting'.

Specifically, Toyota will use hydrogen produced from Australian lignite to power its vehicle in Round 5; this hydrogen will be transported to and within Japan by a partnership of three companies: Kawasaki Heavy Industries, Ltd. (Kawasaki Heavy Industries), Iwatani Corporation (Iwatani), and Electric Power Development Co., Ltd. (J-Power).

In addition, we will take on the challenge of realizing a clean hydrogen society by working to reduce CO2emissions generated when transporting hydrogen in Japan with bio-fuel trucks and fuel cell electric trucks (FCETs). As for vehicles, we will promote further improvements through agile development, and introduce new connected systems at development sites to be utilized in vehicle development.

Since our participation in the Fuji Super TEC 24 Hour Race, we have discovered many issues through working on the site, and the movement to solve these issues with our colleagues has been accelerating. We will continue to collaborate extensively beyond the boundaries of the industry to solve issues identified through this initiative.

Expanding options in the areas of 'producing', 'transporting', and 'using' hydrogen
  1. Transporting hydrogen from overseas

Kawasaki Heavy Industries, which will help Toyota in transporting hydrogen, began constructing hydrogen storage tanks for rocket fuel more than 30 years ago, and has continued to refine its hydrogen technologies since.

In 2016, it has established HySTRA, a technology research association with Iwatani, J-Power, and others, and plans to economically produce hydrogen from Australian lignite, which is abundant and inexpensive to mine, and transport it to Japan.

In FY2022, we will conduct a trial of hydrogen transportation from Australia to Japan using the world's first liquefied hydrogen carrier, the Suiso Frontier, which was built by combining Kawasaki Heavy Industries' hydrogen-related technologies and shipbuilding technologies. This trial is not only a 'transporting' challenge, but also a 'storing' challenge by turning hydrogen into a liquid.In the mid-2020s, we will also build a large-scale liquefied hydrogen carrier capable of transporting 10,000 tons of hydrogen at a time, and by 2030, we plan to transport 225,000 tons of hydrogen from Australia as a full-scale commercial supply chain.

Japan is expected to have an introduced for about 3 million tons of hydrogen in 2030, and about 20 million tons in 2050. As introduction increases, it is necessary to procure hydrogen on a large scale not only from Japan but also from overseas.

Suiso Frontier, Kawasaki Heavy Industries' liquefied hydrogen carrier (Photograph courtesy of HySTRA)

Kawasaki Heavy Industries, Iwatani, and J-Power, are trialing the air transportation of hydrogen from Australia to Japan, and will supply some of the hydrogen to Toyota for the Super Taikyu Series 2021 Round 5 Suzuka S-tai. Through the on-site use of this hydrogen at the race, the three companies and Toyota will share concrete future plans for both transporting and using hydrogen.

In addition, we are considering the use of hydrogen transported by the Suiso Frontier in the Super Taikyu race in 2022. In the mid-2025s, Toyota plans to use hydrogen transported by a large liquefied hydrogen carrier to continue our efforts to help realize a hydrogen society.

A Kawasaki Heavy Industries large liquefied hydrogen carrier (Photograph courtesy of Kawasaki Heavy Industries)
  1. Transporting hydrogen within Japan

In Super Taikyu Series 2021 Suzuka S-tai, two types of hydrogen will be used in the hydrogen-powered engine vehicle: lignite-derived hydrogen transported from Australia, and clean hydrogen produced by Fukushima Hydrogen Energy Research Field (FH2R) in Namie Town, Fukushima Prefecture. The Australian hydrogen will be transported to the Suzuka Circuit by small fuel cell electric trucks (FCETs) of the Commercial Japan Partnership (CJPT), while the FH2R hydrogen will be transported by a bio-fuel truck of Toyota Transport. We will contribute to the realization of a clean hydrogen society by expanding the options in the area of transporting in Japan, in addition to transporting from overseas.

Producing, transporting, and using hydrogen at Super Taikyu Series 2021 Round 5 Suzuka S-tai
Improvement of hydrogen-powered engine vehicles

With the aim of speeding up the development of the hydrogen-powered engine vehicle, we participated in the Fuji Super TEC 24 Hours Race and the Super Taikyu Race in Autopolis, and in the month and a half since the race in Autopolis, we have been working to improve the vehicle. Specifically, we have improved the power output to a level equivalent to that of a gasoline engine. As for the filling time, we have made improvements so that it can be filled from both sides of the vehicle, reducing the filling time from about three minutes in Autopolis to about two minutes this time. Additionally, we have introduced a new connected system at the development site, which enables us to collect a large amount of more accurate data at a higher speed. In addition to accelerating development with connected technology, we would like to train our connected technology in the harsh environment of motorsports, and apply the lessons learned from this initiative to the making of ever-better cars and development of services in the future.

Improvements made in the 6 weeks or so since Autopolis
Output Improved to the same level as a gasoline-powered engine
Refueling time Refueling from both sides of the vehicle has reduced refueling time, which is defined as the total time required from first connecting to finally disconnecting the hydrogen station nozzle
(Refueling took approx. 5 minutes at Fuji Speedway, 3 minutes at Autopolis, and is expected to take just 2 minutes at Suzuka)

Toyota will continue to work together with many stakeholders to train and accelerate the development of hydrogen engines in the harsh environment of motorsports, and create a wide range of friendships beyond the boundaries of the industry, to help realize a better hydrogen society.

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 Initiativeshttps://global.toyota/en/sustainability/sdgs/
SDGs goals that this project makes particular contribution to

Disclaimer

Toyota Motor Corporation published this content on 18 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2021 03:41:08 UTC.


© Publicnow 2021
All news about TOYOTA MOTOR CORPORATION
10/22Canada says proposed U.S. EV tax credit could harm sector, mulls possible challenge
RE
10/22TOYOTA MOTOR : Craig Payne on How the Sienna Provides Mobility for All
AQ
10/22TOYOTA MOTOR : Kaikan Museum
PU
10/22U.S. says firms may meet chip data request amid Taiwan, S.Korea concerns
RE
10/21NISSAN MOTOR : cuts planned output in October and November by 30% - Nikkei
RE
10/21TOYOTA MOTOR : and its Sports Clubs Are Two Hearts Beating as One
PU
10/21TOYOTA EXEC : Not everyone should drive a battery electric vehicle
RE
10/21TOYOTA EXEC : Not everyone should drive a battery electric vehicle
RE
10/21U.S. lawmakers urge speedy action on U.S semiconductor chip funding
RE
10/21TOYOTA MOTOR : U.S. lawmakers urge speedy action on U.S semiconductor chip funding
RE
More news
Analyst Recommendations on TOYOTA MOTOR CORPORATION
More recommendations
Financials
Sales 2022 30 900 B 272 B 272 B
Net income 2022 2 639 B 23 254 M 23 254 M
Net Debt 2022 17 659 B 156 B 156 B
P/E ratio 2022 10,6x
Yield 2022 2,87%
Capitalization 27 473 B 242 B 242 B
EV / Sales 2022 1,46x
EV / Sales 2023 1,34x
Nbr of Employees 366 283
Free-Float 71,1%
Chart TOYOTA MOTOR CORPORATION
Duration : Period :
Toyota Motor Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOYOTA MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 1 983,50 JPY
Average target price 2 254,50 JPY
Spread / Average Target 13,7%
EPS Revisions
Managers and Directors
Akio Toyoda Executive President, CEO & Representative Director
Kenta Kon CFO, Director & Chief Officer-Accounting Group
Takeshi Uchiyamada Chairman
Keiji Yamamoto Chief Information, Security & Software Officer
Seiji Sakai Manager-Information Systems & IT Management
Sector and Competitors
1st jan.Capi. (M$)
TOYOTA MOTOR CORPORATION24.64%241 593
VOLKSWAGEN AG28.66%142 527
DAIMLER AG42.08%102 180
GENERAL MOTORS COMPANY38.74%83 866
GREAT WALL MOTOR COMPANY LIMITED27.82%73 586
FORD MOTOR COMPANY85.21%65 035