Toyota, 5 Chinese companies establish R&D JV for commercial vehicle fuel cell systems in China
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Toyota Motor and five Chinese OEMs—China FAW Corporation Limited (FAW); Dongfeng Motor Corporation (DFM); Guangzhou Automobile Group Co., Ltd. (GAC Group); Beijing Automotive Group Co., Ltd. (BAIC Group); and Beijing SinoHytec Co., Ltd.—signed a joint venture agreement for the establishment of United Fuel Cell System R&D (Beijing) Co., Ltd. (FCRD)....