Toyota says testing Mirai fuel-cell vehicle in China
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
The Toyota Mirai, an hydrogen fuel cell vehicle, is displayed on media day at the Paris auto show, in Paris, France, September 29, 2016. REUTERS/Benoit Tessier
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
GUANGZHOU, China (Reuters) - Toyota Motor Corp <7203.T> is testing its Mirai fuel-cell vehicle in China, the head of the Japanese automaker's China business, Hiroji Onishi, said on Friday at the Guangzhou auto show.
Toyota has promoted fuel cell vehicles as the most sensible next-generation option to hybrids but a lack of hydrogen fuelling stations poses a major hurdle for mass consumption.
Mirai, which means "future" in Japanese, is a four-person sedan first introduced in 2014 that has a range of 300 miles, and is Toyota's first mass-market fuel cell car.
While China is pushing electric technology and hoping its homegrown brands can close a competitive gap with global rivals, Japan is investing heavily in fuel-cell technology, aiming to foster what it calls a 'hydrogen society', where the zero-emission fuel would power homes and vehicles.
(Reporting by Jake Spring; Writing by John Ruwitch; Editing by Himani Sarkar and Edwina Gibbs)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Iraqi Christians confront painful memories in town's clean-up
- Italy president set to ask Foreign Minister Gentiloni to form govt
- Saudi Arabia, Iraq boost oil output in November: OPEC sources