Post Content
Toyota Motor Corporation (NYSE:TM) is one of the best Japanese stocks to buy right now. On April 16, Toyota Motor Corp (NYSE:TM) announced a strategic collaboration with Isuzu Motors Limited to mass-produce a light-duty fuel-cell electric truck.
Production is to begin in fiscal year 2027, and the light-duty truck is to be based on Isuzu’s ELF EV battery truck, launched in 2023. It will also incorporate Toyota’s third-generation fuel cell system, with both companies working on a system that ensures compatibility for commercial vehicle operation. The companies are also seeking to reduce costs through optimized vehicle body structures.
Toyota and Isuzu are working on a light-duty truck as they have become popular for deliveries to supermarkets and convenience stores that require long operating hours and multiple daily trips. By working on a fuel-cell electric truck, the companies seek to take advantage of high-utilization applications, including shorter refueling times.
Toyota Motor Corporation (NYSE:TM) is a global leader in the automotive industry, designing, manufacturing, and selling a wide range of passenger cars, trucks, and commercial vehicles under the Toyota, Lexus, and Daihatsu brands.
While we acknowledge the potential of TM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 8 Best Lidar Stocks to Buy According to Analysts and 10 Best Cryptocurrency Stocks to Buy Right Now.
Disclosure: None. Follow Insider Monkey on Google News.