The strategic cooperation between Daimler and the Renault-Nissan Alliance forms agreement with Ford
Accelerate commercialization of fuel cell electric vehicle technology
* Daimler AG, Ford Motor Company and Nissan Motor Co., Ltd., have signed a unique three-way agreement for the joint development of common fuel cell system to speed up availability of zero-emission technology and significantly reduce investment costs
* Collaboration expected to lead to launch of world’s first affordable, mass-market fuel cell electric vehicles as early as 2017
* Unique collaboration across three continents and three companies will help define global specifications and component standards
* Sends clear signal to suppliers, policymakers and the industry to encourage the further development of hydrogen infrastructure worldwide
Daimler AG, Ford Motor Company and Nissan Motor Co., Ltd., have signed a unique three-way agreement to accelerate the commercialization of fuel cell electric vehicle (FCEV) technology.
The goal of the collaboration is to jointly develop a common fuel cell electric vehicle system while reducing investment costs associated with the engineering of the technology. Each company will invest equally towards the project. The strategy to maximize design commonality, leverage volume and derive efficiencies through economies of scale will help to launch the world’s first affordable, mass-market FCEVs as early as 2017.
Together, Daimler, Ford and Nissan have more than 60 years of cumulative experience developing FCEVs. Their FCEVs have logged more than 10 million km in test drives around the world in customers’ hands and as part of demonstration projects in diverse conditions. The partners plan to develop a common fuel cell stack and fuel cell system that can be used by each company in the launch of highly differentiated, separately branded FCEVs, which produce no CO2 emissions while driving.
The collaboration sends a clear signal to suppliers, policymakers and the industry to encourage further development of hydrogen refueling stations and other infrastructure necessary to allow the vehicles to be mass-marketed.
Powered by electricity generated from hydrogen and oxygen, FCEVs emit only water while driving. FCEVs are considered complementary to today’s battery-electric vehicles and will help expand the range of zero-emission transportation options available to consumers.
Engineering work on both the fuel cell stack and the fuel cell system will be done jointly by the three companies at several locations around the world. The partners are also studying the joint development of other FCEV components to generate even further synergies.
The unique collaboration across three continents and three companies will help define global specifications and component standards, an important prerequisite for achieving higher economies of scale.
How a fuel cell electric vehicle works
Like today’s battery-electric vehicles, FCEVs are more efficient than conventional cars and diversify energy sources beyond petroleum.
The electricity for an FCEV is produced on board the vehicle in the fuel cell stack where it is generated following an electro-chemical reaction between hydrogen - stored in a purpose-designed, high-pressure tank in the car - and oxygen from the air. The only by-products are water vapor and heat.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.