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Automobiles

Toyota takes off for fuel cell age with Chinese carmakers

Japanese automaker to provide tech for zero-emission trucks and buses

NAGOYA/BEIJING -- Toyota Motor announced Friday that it will establish a joint venture with five Chinese companies to develop fuel cell systems for commercial vehicles, positioning itself to cash in on China's ambition for the zero-emission automobiles.

The joint venture, to be capitalized at about 5 billion yen ($45.8 million), will be established by the end of the year. Toyota will be the principal shareholder with a 65% ownership.

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