A joint venture between Renault and Geely appears to target Toyota’s juggernaut. Toyota hopes to move closer to profitability from hydrogen fuel cells this decade – ignoring infrastructure. And there’s the F-150 Lightning price news, and it’s not another bull run. This and more, at Green Car Reports.
Ford is said to be providing $1,500 off F-150 Lightning 2023 in some regions. That’s after a series of price hikes that cost it nearly 50% more, in the base Lightning Pro version, than its original price for 2022.
A $7.7 billion joint venture between Renault and Volvo and Polestar’s parent company Geely seems to be confronting Toyota for the advantage of hybrid. Likely also related to oil company Aramco, it “aims to be a leader in next-generation high-efficiency and hybrid powertrain solutions to meet worldwide demand.” in the years to come.”
Meanwhile, Toyota is Turning attention on hydrogen fuel cells to Europe and China—outside the U.S.—because it aims to reduce costs and even make technology profitable. The company is currently looking to put fuel cell systems in 100,000 vehicles annually by 2030. _______________________________________
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