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TOYOTA MOTOR CORPORATION

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Toyota Motor : Is Manufacturing Past its Prime? Toyota Chief Production Officer Says "No"

06/17/2021 | 02:42pm EDT

Next, I would like to touch on how the much talked about hydrogen-powered engine was created through a combination of steady challenges.

Replacing gasoline with hydrogen gave rise to various difficulties. The engine engineers and prototype technicians worked hard to overcome those difficulties one by one.

Hydrogen tanks require a completely different level of safety than is needed in the case of gasoline. The injectors, which are parts used to inject gasoline into the cylinders of a gasoline engine, were of no use as they were. These are just a couple of examples of the obstacles that stood in the way. Such obstacles were overcome through the strengths of manufacturing.

We were also supported by our suppliers. The technology that had been cultivated in machining engine parts was applied to achieve micron-level hole drilling by way of special machining.

For fuel injectors, we used materials and machining technology to overcome the challenges that arise when gasoline, a liquid, is replaced by hydrogen, a gas.

Next are the challenges that were faced within Toyota.

Machining technology for 'building in'fuel efficiency, electric motor assembly technology for creating a high level of efficiency, and hydrogen tank manufacturing technology for ensuring safety were all originally developed by refining their respective power units and accumulating the related know-how.

And through these challenges and efforts, the hydrogen-powered engine was created by combining FCEV and engine manufacturing technologies.

President Toyoda, a.k.a. Morizo, drove in a 24-hour endurance race in the hydrogen-powered car created in this way and was able to demonstrate to the world the potential of the hydrogen engine.

By expanding the options for electrified vehicles, Toyota has opened the door to the possibility of making customers who need engines smile and protecting the jobs of the people who make engines, while achieving carbon neutrality.

It can be said that this has opened the door to possibilities not only for cars but for all vehicles and equipment with internal combustion engines and devices that involve combustion, in other words, the whole of industry.

Disclaimer

Toyota Motor Corporation published this content on 15 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 18:41:01 UTC.


© Publicnow 2021
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Financials
Sales 2022 31 050 B 281 B 281 B
Net income 2022 2 632 B 23 808 M 23 808 M
Net Debt 2022 18 904 B 171 B 171 B
P/E ratio 2022 10,4x
Yield 2022 2,93%
Capitalization 27 169 B 246 B 246 B
EV / Sales 2022 1,48x
EV / Sales 2023 1,40x
Nbr of Employees 366 283
Free-Float 72,0%
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Number of Analysts 21
Last Close Price 9 725,00 JPY
Average target price 10 921,05 JPY
Spread / Average Target 12,3%
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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
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