Connect with us

Hi, what are you looking for?

Economy

BHP and Toyota Australia to Test Electric HiLux at Port Hedland

Mining giant BHP (ASX:BHP,NYSE:BHP,LSE:BHP) and Toyota Australia are set to complete a trial for the first battery-electric HiLux double-cab ute prototype, BHP announced on Tuesday (October 29).

The trial is set to begin in late November, with the prototype being sent to BHP’s Port Hedland iron ore export port in Western Australia. It will be tested there for diesel-powered light vehicle applications and tasks.

BHP will provide its feedback to Toyota when the trial concludes about a year later.

‘Our ambition to electrify our light vehicle fleet and lower greenhouse gas emissions across our operations depends on enabling technology that can only be achieved through collaborations like this, with leading suppliers like Toyota,” said BHP Australia President Geraldine Slattery in a press release shared by the company.

She added that the miner currently has 5,000 light vehicles across its sites in Australia.

Toyota sees the trial with BHP as an important milestone for the HiLux.

‘Toyota has long advocated a multi-pathway approach towards decarbonisation, and when we do something, we want to make sure we do it right,” said Toyota Australia President and CEO Matthew Callachor. “Joining with BHP to help further develop this HiLux BEV prototype is an important step in creating low-emission technologies in the light commercial vehicle space, particularly for use in harsh and demanding mining environments.’

BHP and Toyota Australia signed a memorandum of understanding in 2023, underlining their shared commitment to enhancing safety and decarbonisation measures at BHP’s Australian operations.

Prior to that, they partnered on a light electric vehicle trial at BHP’s Nickel West operations in January 2021.

“The path to decarbonising our operations is one we cannot walk alone. To accelerate the development of new technologies, we are collaborating with original equipment manufacturers and stakeholders in the industry,” commented BHP Group Procurement Officer Rashpal Bhatti. “Our work with Toyota highlights our shared commitment to developing solutions that ultimately make the world a safer and more sustainable place to live and work.”

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

You May Also Like

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2024 Oldamericanbroker.com