Toyota and BMW are readying to enter into an agreement to share hydrogen fuel cell technology. In July 2012, Toyota and BMW announced a new partnership to expand their existing cooperation on EV battery R&D. At the time, the two automakers announced that they will work on fuel cells, powertrain electrification, CFRP production, and future vehicle architecture.
Continue Reading Below
Toyota has been working on technology for a fuel-cell powered sedan since 1992 and plans to launch a prototype by 2015. BMW also has its own plans to launch a prototype to market by 2020.
Fuel cell vehicles run on electricity made from a chemical reaction between hydrogen and oxygen and emit no carbon dioxide. They can also go over a distance five times longer than battery-powered electric vehicles with the convenience of fueling up with hydrogen at gas stations in just minutes.
Mercedes-Benz, Nissan, GM, Honda and Hyundai are also working on their own fuel-cell vehicles.