BHPBF - Toyota Gets A Message About Battery Electric Vehicles For Mining

• Toyota is a big player in the light mining vehicle market, but diesel is a big problem in underground mining.
• VivoPower, which recently acquired Dutch company Tembo, sells refitted Land Cruiser and HiLux BEV vehicles.
• Recent agreement reached to supply at least 2,000 VivoPower/Tembo Toyota electric conversion vehicles to Australian company GB Auto over 4 years.
• The VivoPower deal has awoken Toyota, who are now working with BHP to test a single Land Cruiser BEV conversion.
• Is Toyota’s interest too little too late? Toyota’s real competition will come not from the refit of its own vehicles but from Tesla’s Cybertruck or a number of other BEV pickups.

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