Daimler AG, Ford Motor Co. and Nissan Motor Co. Ltd. have teamed up to develop a common fuel cell electric vehicle system to speed up availability of zero-emission technology and significantly reduce investment costs.
The companies have signed a unique three-way agreement to accelerate the commercialization of fuel cell electric vehicle (FCEV) technology.
Under the agreement, the partners plan to jointly develop a common fuel cell electric vehicle system while reducing investment costs associated with the engineering of the technology. Each company will invest equally towards the project.
Collaboration expected to lead to launch of world’s first affordable, mass-market FCEV as early as 2017
The companies intend to develop a common fuel cell stack and fuel cell system that can be used by each company in the launch of highly differentiated, separately branded FCEVs, which produce no carbon dioxide (CO2) emissions while driving.
Engineering work on both the fuel cell stack and the fuel cell system will be done jointly by the three companies at several locations around the world. The partners are also studying the joint development of other FCEV components to generate even further synergies.
