Toyota’s Fuel Cell and Water Electrolysis System Production Plan Certified as a METI Support Program for Building GX Supply Chains
Toyota City, Japan, Dec 18, 2024 – (JCN Newswire via SeaPRwire.com) – Toyota Motor Corporation (Toyota) has announced that its new production plan for fuel cells and a water electrolysis system to supply hydrogen was selected by the Ministry of Economy, Trade and Industry (METI) as a successful applicant for its Support Program for Building GX Supply Chains.This METI program is based on the Draft Act for a Smooth Transition to a Decarbonized, Growth-Oriented Economic Structure (GX Promotion Act). It aims to establish a domestic manufacturing supply chain in the GX field, such as for fuel cells and water electrolysis systems that are indispensable for the achievement of carbon neutrality. The program is designed to accelerate efforts ahead of the rest of the world by maximizing the strengths of Japan’s manufacturing supply chain and technology infrastructure, including small and medium enterprises.Toyota will work with local governments, passenger and commercial vehicle manufacturers, and customers who use the…