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Toyota, BMW to expand fuel cell vehicle tie-up
Toyota Motor Corp. and BMW AG will expand their tie-up in operations of fuel cell vehicles, sources familiar with the matter say, in a bid to increase the competitiveness of their hydrogen-powered cars.
Toyota Motor Corp. and BMW AG will expand their tie-up in operations of fuel cell vehicles, sources familiar with the matter said Tuesday, in a bid to increase the competitiveness of their hydrogen-powered cars. Under the deeper partnership due to be announced on Sept. 5, Toyota will provide key components such as hydrogen tanks to BMW, which in turn will build and sell mass-produced FCVs in the next few years, the sources said. The expanded tie-up is aimed at standardizing components and bringing down the cost of FCVs, which are seen as a promising option in achieving carbon neutrality but has not gained popularity due to their high prices.
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