Toyota Motor sold nearly 4,000 units of fuel cell electric vehicles (FCEV) in the first quarter, advancing 89.2 percent on-year, to beat erstwhile leader Hyundai Motor as the top global seller in the first quarter this year.
Hyundai Motor led the global FCEV market in 2020.
Toyota enjoyed a nearly six-fold surge in its FCEV sales in the first quarter to account for almost half of the total global sales.
It took 15.1 percent of the FCEV market share in 2020.
SNE Research attributed Toyota’s robust first-quarter sales to its launch of the second-generation Mirai, which had a complete makeover in appearance and performance.
The Mirai’s fuel storage capacity and driving range increased by 30 percent to around 650 kilometers for a single charge by adopting the GA-L power platform.
Hyundai Motor sold 1,800 FCEVs in the first quarter this year, for a 29.5 percent on-year increase with its release of the first-generation Nexo in


US Stock Futures Rise as S&P 500 and Nasdaq Hit Record Highs Amid Earnings Optimism and Iran Tensions
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth
Panama Defends Port Takeover Amid U.S.-China Tensions and Canal Dispute
Markets Stay Strong Despite Oil Shock Concerns as Earnings Drive Investor Confidence
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth
AI Stocks Rally in Asia as Oil Surge and Hawkish Central Banks Shake Global Markets
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Iran-U.S. Conflict Escalation Threatens Global Oil Supply and Economic Stability
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue
Oil Prices Ease but Remain Set for Strong April Gains Amid Middle East Tensions 



