Chevron & Toyota Pursue Strategic Alliance on Hydrogen
Chevron Toyota HydrogenAuto Futures

Chevron & Toyota Pursue Strategic Alliance on Hydrogen

Chevron USA Inc, through its Chevron Products Company division, and Toyota Motor North America Inc announced a memorandum of

Chevron USA Inc, through its Chevron Products Company division, and Toyota Motor North America Inc announced a memorandum of understanding to explore a strategic alliance to catalyze and lead the development of commercially viable, large scale businesses in hydrogen, with the goal to advance a functional, thriving global hydrogen economy.

Chevron and Toyota are seeking to work on three main strategic priorities: collaborating on hydrogen-related public policy measures that support the development of hydrogen infrastructure; understanding current and future market demand for light-duty and heavy-duty fuel cell electric vehicles and supply opportunities for that demand; and exploring opportunities to jointly pursue research and development in hydrogen powered transportation and storage.

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