BMW and Toyota Join Forces to Advance Hydrogen Fuel Cell Vehicles

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Highlights

• BMW and Toyota collaborate to innovate hydrogen fuel cell powertrains.
• Joint development targets passenger vehicle applications for both brands.
• BMW aims to debut its first production fuel cell electric vehicle by 2028.

Leading automakers BMW Group from Germany and Toyota Motor Corporation of Japan have announced a strategic partnership focused on advancing hydrogen fuel cell electric vehicle (FCEV) technology.

This alliance will see both companies co-developing a next-generation powertrain system designed specifically for passenger cars, which will be integrated into future models from each manufacturer.

BMW has revealed plans to introduce its inaugural series-produced FCEV by 2028, a milestone hailed by BMW Chair Oliver Zipse as a transformative moment in automotive innovation.

Zipse emphasized that "powered by hydrogen and driven by our collaborative spirit, this initiative exemplifies how technological breakthroughs are shaping the future of mobility." He further stated that "this will mark the beginning of a significant surge in demand for fuel cell electric vehicles."

Shared Vision for Open Technology and Sustainability

Toyota President Koji Sato highlighted the shared enthusiasm for automobiles and a commitment to 'technology openness' and a 'multi-pathway' strategy toward achieving carbon neutrality, aiming to foster the development of a sustainable hydrogen society.

Financial details regarding the partnership were not disclosed in the announcement.

In market activity, Toyota’s American depositary receipts (ADRs) experienced a slight decline of 1% to $182.66 during Thursday’s midday trading, remaining stable over the year.

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