Toyota announced an investment of USD 139 million through a joint venture with Shudao Investment Group. This joint venture will build a hydrogen fuel cell manufacturing base in Chengdu, China. This hydrogen fuel cell plant in China will focus on producing FC systems and components for heavy-duty commercial vehicles that will support China’s national carbon neutrality targets.

Investment Details

The investment of USD 139 million is a notable amount, demonstrating Toyota's dedication to hydrogen fuel cell technology. The investment was announced on July 2, 2025. The plant is situated in Chengdu, China, which suggests that Toyota is looking to tap into the Chinese market.

With a total investment of 1 billion yuan (approximately 20 billion yen or USD 124 million), the “Shudao Toyota Hydrogen Fuel Cell Smart Manufacturing Base” aims to become the region’s premier hydrogen hub for commercial vehicle applications.

Technology and Development

The investment is focused on hydrogen fuel cell technology, which is an area of interest for Toyota. The company's commitment to this technology is evident through this significant investment. The announcement of Toyota's investment in the hydrogen fuel cell plant in China marks a significant development in the company's efforts to expand its presence in the region and commit to hydrogen fuel cell technology. With an investment of USD 139 million, Toyota is demonstrating its dedication to this technology and its potential for future growth.

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