Toyota is near to finalizing deal to license fuel-cell technology to BMW

Article by Anita Panait, on January 23, 2013

Toyota Motor Corp. is close to securing a final deal to license its fuel-cell vehicle technology to BMW, according to a report by the Nikkei business newspaper. The Japanese daily reported that under the agreement, Toyota will provide the German premium carmaker with drivetrain and hydrogen storage technology.

The report added that the agreement may become official as early as Thursday. BMW plans to employ the technology to produce a prototype vehicle by 2015, with intentions for a market release around 2020, the Nikkei reported. The two carmakers have been expanding their r&d ties over 2012.

In December 2011, the carmakers announced that they will collaborate on green car technologies, including the joint development of lithium-ion batteries. The carmakers also then announced that BMW would supply diesel engines to Toyota in Europe as part of the partnership deal.

In June 2012, Toyota and BMW expanded their tie-up by signing a memorandum to collaborate on developing fuel cells to power and designing components for a future sports car as they expand on their joint work to build next-generation car batteries.

Fuel cells convert hydrogen into electricity, which can be used to power cars and trucks. Fuel-cell vehicles can operate five times longer than battery-run electric units on a single power-up. Also, it only takes a few minutes to fill the tank with hydrogen, compared with around 8 hours needed to recharge a battery. According to the Nikkei, Daimler, General Motors, Nissan, Honda and Hyundai Motor are also exerting r&d efforts develop fuel-cell vehicles.

Topics: toyota, bmw, fuel cell

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries