Japan's Toyota Motor Corp said on Sunday it was setting up a research insti...
The logo of Toyota is seen on a car during the Prague Autoshow in Prague, Czech Republic, April 13, 2019. REUTERS/David W Cerny
The initiative, outlined by Toyota’s President and Chief Executive Akio Toyoda in a speech at Tsinghua University, is part of the Japanese carmaker’s efforts to share more technology with China as it seeks to expand its business in the country by beefing up manufacturing capacity and distribution channels, a source close to Toyota said.
The institute will “cooperate in research not only related to cars for Chinese consumers, but also in research related to active utilization of hydrogen energy that can help solve China’s energy problems,” the company said.
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