• 560 days Will The ECB Continue To Hike Rates?
  • 560 days Forbes: Aramco Remains Largest Company In The Middle East
  • 562 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 962 days Could Crypto Overtake Traditional Investment?
  • 967 days Americans Still Quitting Jobs At Record Pace
  • 969 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 972 days Is The Dollar Too Strong?
  • 972 days Big Tech Disappoints Investors on Earnings Calls
  • 973 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 975 days China Is Quietly Trying To Distance Itself From Russia
  • 975 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 979 days Crypto Investors Won Big In 2021
  • 979 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 980 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 982 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 983 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 986 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 987 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 987 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 989 days Are NFTs About To Take Over Gaming?
China Is Quietly Trying To Distance Itself From Russia

China Is Quietly Trying To Distance Itself From Russia

Western sanctions against Russia are…

Western Companies Are Being Shamed Into Leaving Russia

Western Companies Are Being Shamed Into Leaving Russia

“Companies that fail to withdraw…

  1. Home
  2. News
  3. Breaking News

Can Toyota's Hydrogen Car Take On Tesla?

Toyota Hydrogen Car

Japan’s Toyota Motor Corp released on Friday the first images of its completely revamped hydrogen-powered zero-emission fuel cell electric vehicle Mirai, aiming to take on battery-powered vehicles like the ones Tesla is selling.

The next-generation Mirai, which will be previewed at the Tokyo Motor Show between October 24 and November 4, will feature a fully redesigned fuel cell system, including the fuel cell stack, that delivers substantially improved performance, Toyota said in its latest attempt to spur demand for fuel cell electric vehicles (FCEVs).   

The redesigned fuel cell system using hydrogen as fuel targets a 30-percent increase in driving range compared to the current-generation Mirai model, due to increased hydrogen storage capacity, among other measures, Toyota said.

Toyota—which launched a mass-produced fuel cell sedan, the Mirai, in December 2014—has had plans to expand its FCEV product range and continues to seek to bring cost down. The carmaker has been also experimenting with solar-powered cars.

The new-generation Mirai is scheduled for launch starting in late 2020, initially, in Japan, North America, and Europe, the Japanese carmaker said.  

“I want customers to say 'I chose the Mirai because I simply wanted this car, and it just happens to be an FCEV.' We will continue our development work focusing on that feeling, and we hope that with the new Mirai we will be a leader in helping to realize a hydrogen energy society,” Yoshikazu Tanaka, Chief Engineer of the Mirai, said in a statement.

Despite efforts to spur demand for hydrogen-powered cars, since its launch in 2014, the Mirai has sold some 10,000 cars globally.  

In comparison, Tesla has just said that it achieved a record number of around 97,000 deliveries in the third quarter of this year, just short of an unofficial target that Elon Musk had set to deliver 100,000 electric cars in Q3. In its production and deliveries update on October 2, Tesla said that “we achieved record net orders in Q3 and are entering Q4 with an increase in our order backlog.”

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment