Spreading hydrogen mobility
Toyota Caetano Portugal (TCAP) became the direct shareholder of two Portuguese companies today. The enhanced strategic alliance with bus manufacturing and sales company CaetanoBus, and Finlog, a passenger car financial service company, aims to accelerate the spread of hydrogen mobility. As more European countries and cities announce strategic policies to promote the decarbonisation of mobility, it is expected that commercial vehicles, especially city buses will be electrified rapidly. Therefore, TME will further expand its commercial zero-emission mobility by leveraging CaetanoBus’s long-standing bus business and recent strong efforts in the development and sales of zero-emission buses.