Toyota unveils revamped hydrogen sedan to take on Tesla

13th Oct 2019    |    Source: reuters.com

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Tanaka said the latest Mirai would cost less to make than its predecessor, because of a shift to mass production. The current model is mostly assembled by hand. Costing consumers about 5 million yen ($46,500) after subsidies in Japan, the original Mirai is one of three fuel cell cars available to consumers. Hyundai Motor Co (005380.KS) sells the Nexo, while Honda Motor Co Ltd (7267.T) leases out the Clarity. Toyota has sold fewer than 10,000 of the Mirai, a fuel cell sedan it touted as a game changer at its launch five years ago. By contrast, Tesla sold 25,000 of battery-powered Model S sedans in its first year and a half. Toyota declined to disclose a price for the model and said it would be available from late next year in Japan, North America and Europe.