On March 29, 2021, Toyota Motors announced that it will produce fuel cell vehicles (FCV) core systems in China. It has announced that joint ventures will be established with China Tsinghua University to produce fuel cell systems. The total investment is 8 billion yen, which is said to be 50% of Toyota and a technology company in Toyota and Beijing. The company plans to produce the FCEV system in Beijing in 2023, focusing on fuel cells.
In June 2020, Toyota and five Chinese companies have established joint fuel cell system research and development companies in Beijing to develop in China. Hydrofal fuel cell solution for commercial vehicles. The joint venture with Tsinghua University, the First Automobile Group (FAW) Dongfeng Automobile, Beijing Auto, Guangzhou Auto and Hydrogen Energy Co., Ltd. Sinohytec. Toyota’s goal is to develop a competitive fuel cell system that meets China’s requirements and popularizes the hydrogen fuel batteries.
At the same time, China announced in 2060 to achieve carbon neutralization, China’s automotive experts organized China Automotive Engineers to learn in October 2020. Announced “Energy Saving New Energy Automotive Technology Road Chart 2.0”. It is prepared under the guidance of the Ministry of Industry and Information Technology. According to the roadmap, China’s automotive policy has developed into new energy vehicles in the development strategy of new energy vehicles in 2035. To a large extent, 50% battery electric vehicles and 50% hybrid cars are large.
This content is to increase the proportion of new energy vehicles (mainly battery electric vehicles). In 2019, new energy vehicles accounted for 5% in new car sales, but new roadmaps will increase to 20% in 2025, and will increase to about 40% in 2030, and will exceed 50% in 2035. This policy stipulates that more than 95% of new energy vehicles consist of battery electric vehicles. China is the first country in the world’s carbon dioxide emissions, which is considered to provide batteries and electric vehicles to the carbon-carrying society and are implementing bold policy reforms.
All other gasoline vehicles will be converted into hybrid vehicles. The proportion of hybrid electric vehicles will increase to 50% of gasoline vehicles to 2030, reaching up to 75% in 2030, reaching 100% in 2035, and the production and sales of existing gasoline vehicles other than hybrid power will stop.