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
  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 : Hino, Ree to jointly develop electric commercial vehicles

04/27/2021 | 02:08am EDT
FILE PHOTO: Hino delivery truck “Flatformer” is seen in Tokyo Motor Show in Tokyo

(Reuters) - Toyota Motor Corp affiliate Hino Motors and Israeli startup Ree Automotive will jointly develop modular electric vehicles to transport people and goods, joining a growing number of partnerships in the still young, but fast-paced commercial EV sector.

That market could be worth hundreds of billions of dollars over the next five years, analysts estimate, attracting the likes of General Motors Co and Ford Motor Co.

Startups Arrival and Rivian are developing similar vehicles for big delivery customers -- Arrival with United Parcel Service, Rivian with Amazon.

Like Arrival and Rivian, Ree has developed a flexible electric skateboard that combines motor, batteries, steering, suspension and brakes into a flat chassis on which different vehicle configurations -- among them vans and buses -- can be built.

Ree has a twist: Each corner of the skateboard features a modular wheel/tire combination that also incorporates suspension and other chassis components.

Hino and Ree plan to jointly develop an electric commercial vehicle chassis that employs Ree's corner modules and features a detachable "mobility service module" that can function as a stand-alone unit. The partners plan to begin developing prototype vehicles in 2022. 

Hino said the starting point for development is a concept called FlatFormer for a modular electric commercial vehicle, first displayed at the 2019 Tokyo auto show.

Ree said its skateboard can accommodate self-driving hardware. Earlier this month, Ree announced an agreement with Navya, a French maker of self-driving passenger shuttles, to jointly develop autonomous systems with Ree's modular chassis components.

In February, Ree said it would go public later this year in a reverse merger with blank-check acquisition company 10X Capital. Arrival went public in March in a similar deal. Rivian reportedly is considering an initial public offering later this year.

(Reporting by Paul Lienert in Detroit; editing by Richard Pullin)

By Paul Lienert


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HINO MOTORS, LTD. -2.94% 956 End-of-day quote.8.76%
TOYOTA MOTOR CORPORATION -3.88% 9833 End-of-day quote.23.58%
All news about TOYOTA MOTOR CORPORATION
04:03aTOYOTA MOTOR  : Statement on Reported COVID-19 Infections at Toyota Work Sites
PU
03:00aJapanese shares follow Wall Street's retreat on Fed's official comments
RE
06/18"FOR PEOPLE'S SAFETY AND PEACE OF MI : How Toyota City Model Improves Vaccinatio..
PU
06/18SAFARI RALLY KENYA : PreviewToyota Yaris WRC to face another 'new' challenge on ..
PU
06/18TOYOTA MOTOR  : Statement on Reported COVID-19 Infections at Toyota Work Sites
PU
06/18Japanese stocks end lower; Toyota, financials weigh on Topix
RE
06/18MODERNA  : Japan Inc joins COVID-19 vaccination push as Olympics loom
RE
06/17Nikkei tracks Nasdaq's solid finish overnight, Toyota drags Topix
RE
06/17TOYOTA MOTOR  : Shareholders' Meeting
PU
06/17TOYOTA MOTOR  : Is Manufacturing Past its Prime? Toyota Chief Production Officer..
PU
More news
Financials
Sales 2021 26 768 B 243 B 243 B
Net income 2021 1 963 B 17 785 M 17 785 M
Net Debt 2021 13 969 B 127 B 127 B
P/E ratio 2021 13,8x
Yield 2021 2,34%
Capitalization 26 947 B 245 B 244 B
EV / Sales 2021 1,53x
EV / Sales 2022 1,47x
Nbr of Employees 366 283
Free-Float 72,0%
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 10 447,37 JPY
Last Close Price 9 638,00 JPY
Spread / Highest target 34,9%
Spread / Average Target 8,40%
Spread / Lowest Target -21,1%
EPS Revisions
Managers and Directors
NameTitle
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.Capitalization (M$)
TOYOTA MOTOR CORPORATION23.58%249 345
VOLKSWAGEN AG43.29%153 095
DAIMLER AG33.38%97 763
GENERAL MOTORS COMPANY41.11%85 241
BMW AG25.92%70 084
FORD MOTOR COMPANY65.19%57 959