Toyota advances hydrogen truck deployment in California

ANAHEIM, Calif. - Toyota Motor North America, part of the $253 billion market cap global automotive leader, announced its latest initiatives to bolster the use of hydrogen fuel cell technology during the 2025 Advanced Clean Transportation (ACT) Expo. The company, which has maintained dividend payments for 46 consecutive years and currently trades near its InvestingPro Fair Value, revealed plans for hydrogen-powered Class 8 heavy-duty trucks and infrastructure investments aimed at reducing emissions and advancing its vision of a Hydrogen Society.

At the ACT Expo’s Hydrogen Workshop, Toyota Group Vice President of Powertrain Engineering, Jordan Choby, unveiled the company’s strategy to incorporate hydrogen fuel cell electric vehicles (FCEVs) into its North America Parts Center California (NAPCC) fleet. This move is part of Toyota’s broader 2050 Challenge to diminish carbon dioxide emissions in its supply chain. With annual revenues of $297 billion and a strong financial health score rated as "GOOD" by InvestingPro, Toyota appears well-positioned to fund these strategic initiatives.

To support the hydrogen fleet, a new fueling station will be constructed at the NAPCC campus. Toyota is collaborating with Air Liquide and Iwatani to enhance the hydrogen fueling infrastructure. The partnership with Iwatani focuses on a state-of-the-art station using new liquid hydrogen technology and high-flow fueling systems that enable quicker refueling, similar to diesel pumps, benefiting fleet and commercial operations.

Furthermore, Toyota introduced its next-generation Toyota Gen 3 FC system in North America. This new fuel cell technology is anticipated to be 20% more efficient and 20% more powerful than the current version, with a maintenance schedule comparable to diesel-powered trucks.

The Gen 3 FC system, expected to arrive in the U.S. after 2027, is designed for a range of applications, including commercial and heavy trucking, and passenger vehicles. It is engineered to exceed 600,000 miles of service without major maintenance.

Toyota’s commitment to hydrogen innovation extends beyond its fleet. The company is exploring electrolysis technology in Japan with Chiyoda and investigating hydrogen extraction from methane byproducts.

The ACT Expo, which runs until May 1 at the Anaheim Convention Center, showcases Toyota’s latest hydrogen developments at booth #4237.

This article is based on a press release statement from Toyota Motor North America. The company’s stock has shown recent momentum with a 7.84% return over the past week, while maintaining an attractive P/E ratio of 7.31. Investors seeking detailed analysis and additional insights can access more than 30 exclusive financial metrics and ProTips through InvestingPro.

In other recent news, Toyota Motor North America reported a rise in U.S. sales for March 2025, with 231,335 vehicles sold, marking a 7.7% increase on a volume basis compared to the previous year. Electrified vehicle sales reached 112,608 units, which is nearly half of the total sales volume for the month. For the first quarter of 2025, Toyota’s sales totaled 570,269 vehicles, with electrified vehicles comprising 50.6% of this figure. Meanwhile, Toyota has committed to covering increased costs for U.S. suppliers due to newly imposed 25% tariffs on imported vehicles, demonstrating its support for local manufacturers. The company plans to maintain its current operations without raising vehicle prices in the U.S., despite the tariffs. However, CLSA has downgraded Toyota’s stock rating from ’Hold’ to ’Underperform,’ citing concerns over potential reduced vehicle demand in the U.S. due to these tariffs. In China, Toyota launched its most affordable electric vehicle, the bZ3X subcompact SUV, priced at approximately $15,000, aiming to capture the budget-conscious segment of the market. This move is part of Toyota’s broader strategy to expand its presence in the world’s largest auto market.

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