Nikkei reports announcement pending on Toyota providing BMW with hydrogen fuel cell technology; BMW prototype by 2015
The Nikkei reported that Toyota Motor Corp. is close to an agreement with BMW AG to provide that company with drivetrain and storage technology for hydrogen fuel cell vehicles. In June 2012, the two companies had signed a Memorandum of Understanding (MoU) aimed at long-term strategic collaboration in four fields: joint development of a fuel cell system; joint development of architecture and components for a future sports vehicle; collaboration on powertrain electrification; and joint research and development on lightweight technologies. (Earlier post.)
Toyota, which has been developing such technology on its own since 1992, will be sharing it for the first time with another company. Under an agreement to be made official as early as Thursday, the Japanese automaker will provide BMW with drivetrain and hydrogen storage technology this year. BMW will use it to build a prototype vehicle by 2015, with plans for a market release around 2020.
Toyota, which has been developing fuel cell vehicles since 1992, plans to launch a fuel-cell vehicle by 2015 in Japan, the US and Europe.