Benzinga | Aug 25, 2021 03:54PM EDT

Toyota Motor To Assemble Fuel Cell Modules At Kentucky Plant In 2023

* Toyota Motor Corp (NYSE:TM) is planning to take its hydrogen-powered fuel cell electric technology from prototypes to production in its efforts toward carbon neutrality.

* Starting in 2023, a dedicated line at Toyota Motor Manufacturing Kentucky (TMMK) will begin assembling integrated dual fuel cell (FC) modules destined for use in hydrogen-powered, heavy-duty commercial trucks.

* The dual-fuel cell modules, a vital component of an overall FC kit, weigh approximately 1,400 pounds and can deliver up to 160kW of continuous power.

* "Heavy-duty truck manufacturers will be able to buy a fully integrated and validated fuel cell electric drive system, allowing them to offer their customers an emissions-free option in the Class 8 heavy-duty segment," said Tetsuo Ogawa, president and CEO, Toyota Motor North America.

* Price Action: TM shares are trading higher by 1.61% at $173.78 on the last check Wednesday.