Group 1 - Shudao Equipment announced the establishment of Shudao Toyota Hydrogen Energy Technology (Sichuan) Co., Ltd. with a registered capital of 236 million yuan, where Toyota holds 50%, Shudao Equipment holds 45%, and Shudao Group holds 5% [1] - This marks Toyota's significant move in the Chinese hydrogen energy market following its partnership with Yihuatong to establish Huafeng Fuel Cell Company [1] - The fuel cell production line project has completed site selection and overall design in Qingbaijiang District, with construction progressing smoothly, expected to be operational by Q4 2025 [1] Group 2 - The Sichuan government has released a long-term development plan for the hydrogen industry, aiming to promote over 4,000 hydrogen fuel cell vehicles by 2027 [1] - The construction of the Chengyu Hydrogen Corridor provides ample application scenarios for hydrogen fuel cell heavy trucks, which are particularly suitable for drones and other weight-sensitive aircraft due to their high energy density and long range [1] - The new company will leverage the Toyota Production System (TPS) to create a localized production system and deepen cooperation in the production, sales, and commercialization of hydrogen fuel cells [2]