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Toyoda Gosei Looks Toward FCVs With New Plant for High-Pressure Hydrogen Tanks

Toyoda Gosei Co. Ltd. (TYO:7282), the Toyota Motor Group’s only manufacturer of high polymers, established a new plant on March 14 to manufacture high-pressure hydrogen tanks – a main component of fuel cell vehicles (FCVs). The company has invested 12 billion yen ($113.28 million) in the plant, where it is preparing to start production in the early 2020s. Moving forward,…

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