Ann: Conference Presentation, page-12

Looks like Hydrogen has been turning around in the past few months, GHY doing well, FMG to record highs (I don't think that's on iron ore alone), HZR doing alright last few months.

I know it's more than just energy for hydrogen powered vehicles, but I think market is swinging to place their bets with Toyota though, that hydrogen powered vehicles may overtake BEVs someday, as these are going the opposite way to battery metals stocks.

If we look at the problems of BEVs, too expensive to repair, more expensive to insure, struggle to charge in the snow, slow charge times, lower range (unless if you are willing to fork out a good house sized deposit for a car for a longer ranged EV), etc, I am also starting to believe Toyota is right not to focus on BEVs.

Well done to those backing hydrogen.