In Japan, Kyodo News reported that Toyota Motor and BMW will expand their tie-up in operations of fuel cell vehicles in a bid to increase the competitiveness of their hydrogen-powered cars.
Under the extended partnership due to be announced on September 5, Toyota will provide key components such as hydrogen tanks to BMW, which in turn will build and sell mass-produced FCVs in the next few years, according to the report
The partnership is aimed at standardizing components and bringing down the cost of FCVs, which are seen as a promising option in achieving carbon neutrality.
The two companies will also work together on building hydrogen stations in Europe as a lack of such filling stations has been a major stumbling block in popularizing FCVs, the report added.
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Tags: BMW, hydrogen fuel cell, Japan, Toyota
Category: Fuels
