TOKYO -- Japanese materials maker Toray Industries will ramp up production of carbon fiber for fuel cell vehicles in the U.S. and Japan by 50% this fiscal year, Nikkei has learned, pivoting to a field expected to see growth as demand from the aviation industry tumbles.
Materials
Toray boosts carbon fiber output for fuel cell vehicles by 50%
Industry leader shifts US and Japan factories from plane to auto materials
Hyundai Motor shows off a fuel cell SUV, with the vehicle's hydrogen tanks visible in the display. © Reuters
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