Honda to Build New Plant in Japan for Next-Generation Fuel Cell Systems
Key Ideas
- Honda announced the construction of a new plant in Japan dedicated to producing next-generation fuel cell systems, with an annual capacity of 30,000 units.
- The new plant in Moka City, Tochigi Prefecture, aligns with Japan's initiatives for carbon neutrality by 2050 and is part of Honda's strategy to grow its hydrogen business.
- Honda aims to secure a 5% market share in the FC-powered truck market by 2030 and a 30% share by 2040 by leveraging its independently developed fuel cell system.
- The company is expected to receive a government subsidy under a project led by the Japanese Ministry of Economy, Trade and Industry to support the establishment of supply chains for green transformation initiatives.
Honda Motor Co., Ltd. has announced the establishment of a new plant in Moka City, Tochigi Prefecture, Japan, to manufacture the next-generation fuel cell system developed independently by the company. The plant is projected to commence operations in the fiscal year ending March 31, 2028, and will be situated on the premises of the Powertrain Unit Factory. With a focus on high-efficiency and high-quality production, the facility will have an annual capacity of 30,000 units. Honda's initiative aligns with Japan's national goal of achieving carbon neutrality by 2050. The company aims to receive a government subsidy as part of a project led by the Japanese Ministry of Economy, Trade and Industry to support the establishment of supply chains for green transformation initiatives. By expanding its hydrogen business into core domains such as fuel cell vehicles, commercial vehicles, stationary power stations, and construction machinery, Honda aims to secure a significant market share in the FC-powered truck market, targeting 5% by 2030 and 30% by 2040.
Topics
Production
Sustainability
Automotive Industry
Manufacturing
Carbon Neutrality
Supply Chain
Business Expansion
Market Share
Government Subsidy
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