Toyota and BMW to Boost Hydrogen-Powered Car Competitiveness
Key Ideas
  • Toyota and BMW are expanding their partnership to enhance the competitiveness of hydrogen-powered vehicles by sharing key components and standardizing technology.
  • The collaboration aims to reduce the costs of fuel cell vehicles, making them more accessible for consumers and supporting the transition to carbon neutrality.
  • Toyota, a leading provider of fuel cell vehicles with the Mirai model, will supply hydrogen tanks to BMW for the production of mass-market FCVs, addressing the high prices that currently hinder their popularity.
  • In addition to vehicle production, the two automakers will collaborate on establishing hydrogen stations in Europe to overcome the infrastructure challenge and promote the adoption of FCVs.
Toyota Motor Corp. and BMW AG are set to announce an expansion of their partnership on fuel cell vehicles (FCVs) to enhance the competitiveness of their hydrogen-powered cars. The collaboration, scheduled to be unveiled on Sept. 5, involves Toyota supplying key components like hydrogen tanks to BMW, who will manufacture and sell mass-produced FCVs in the coming years. The primary goal of this deeper tie-up is to standardize components and reduce the costs associated with FCVs, a technology crucial for achieving carbon neutrality. Despite the potential environmental benefits, FCVs have faced slow adoption due to their high prices. By working together, the automakers aim to make FCVs more affordable and attractive to a broader market. Toyota, known for its Mirai model, the first mass-produced FCV globally, has sold around 26,000 units since its launch in 2014. The high price of the Mirai, over 7 million yen, has been a limiting factor in its sales. Through component sharing, the cost efficiency of the Toyota model is expected to improve, while BMW can benefit from avoiding the solo development of parts. Furthermore, Toyota and BMW plan to cooperate on building hydrogen stations in Europe to address the scarcity of refueling infrastructure, a key barrier to FCV adoption. This joint effort signifies a strategic move towards making hydrogen-powered vehicles more mainstream and supports the transition to sustainable mobility.
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