BEIJING - Japan's Toyota Motor Corp said on Sunday it was setting up a research institute in Beijing in partnership with Tsinghua University to study car technology using hydrogen power and other green technologies that could ease environmental problems in China.The Tsinghua-Toyota Joint Research Institute will conduct research into cars and new technology to solve environmental problems in China, including reducing traffic accidents, Toyota said in a statement.
The institute will"cooperate in research not only related to cars for Chinese consumers, but also in research related to active utilization of hydrogen energy that can help solve China's energy problems," the company said. The move dovetails with Toyota's announcement this month that it would offer carmakers and suppliers around the world free access to nearly 24,000 patents for electric vehicle technologies.
Executive Vice President Shigeki Terashi told Reuters earlier this month that the automaker intended to become a tier 2 supplier of hybrid systems and that it had already received enquiries from more than 50 companies.
Source: News Formal (newsformal.com)
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