BMW and Toyota Join Forces on Hydrogen Fuel-Cell Vehicles
Key Ideas
- BMW and Toyota to sign an MoU to collaborate on hydrogen fuel-cell vehicles, aiming to cut costs and improve economies of scale.
- Toyota will supply BMW with hydrogen tanks and fuel cell systems for next-generation vehicles, enhancing hydrogen drivetrain capabilities.
- Cooperation will extend to infrastructure development for hydrogen in Europe, with a focus on improving refueling station availability.
- BMW projects to have a hydrogen car on sale by 2030, demonstrating a commitment to hydrogen technology despite uncertainties.
BMW and Toyota are set to enhance their collaboration on hydrogen fuel-cell vehicles to address the global slowdown in electric vehicle demand. The companies plan to sign a memorandum of understanding, with Toyota providing BMW hydrogen tanks and fuel cell systems for their upcoming hydrogen vehicles. This partnership aims to reduce production costs and increase economies of scale for hydrogen components. Notably, BMW intends to launch a hydrogen car by 2030, despite the possibility of reconsidering its hydrogen program. The cooperation will also focus on developing hydrogen infrastructure in Europe, where only 270 refueling stations are currently available. The initiative underscores the commitment of both brands to advancing hydrogen technology and signifies a significant step towards sustainable automotive solutions.