Daimler AG, Ford and Nissan have signed a unique three-way agreement to accelerate commercialisation 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 technology's engineering. Each company will invest equally in the project.
The strategy to maximise 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 kilometres in test drives by customers andin demonstration projects in diverse conditions.