A $10 billion electric train set for the Japanese market could hit the market in the next two years, a Japanese manufacturer said on Thursday.
“This new train will enable the Japanese economy to make a comeback.
In the past, Japan’s economy has suffered due to a weak economy,” Toyota Motor Corporation said in a statement.
The company said the train is being built in cooperation with the Tokyo Electric Power Company and will be operational by 2021.
Japanese manufacturers are facing a number of challenges in the electric train market.
Earlier this year, Toyota announced it would sell its own electric train to a Chinese company that will be built in a partnership with China’s National Energy Administration.
Toyota is also building its own trains for the Indian market.