On November 20, Prologis China announced that it recently signed a strategic cooperation agreement with toyota motor (china) investment co., ltd. (referred to as 'toyota china'). According to the content of the strategic cooperation agreement, the two parties will establish a long-term cooperative mechanism in various aspects such as coordinating resource allocation, engaging in business cooperation, technological innovation and application in the hydrogen energy industry, related infrastructure construction, and scenario-based logistics operation, exploring the creation of an ecological development system for the hydrogen energy commercial vehicle industry, to jointly enhance the competitiveness of hydrogen energy technology applications in the logistics field in china, and accelerate the new energy transformation and upgrading of the logistics industry. As of the end of June 2024, prologis China's global asset management scale reached 126 billion dollars.