www.sentrypc.com
Newegg

Toyota Motor Corporation and BMW Group Strengthen Collaboration Towards the Advancement of a Hydrogen Society

Aiming to expand the lineup of fuel cell passenger cars, Toyota and BMW are jointly developing a third-generation fuel cell system and working on infrastructure development co-creation

Toyota City, Japan, Sept 6, 2024 – Toyota Motor Corporation (Toyota) and the BMW Group (BMW) signed an agreement to strengthen collaboration in the hydrogen sector, with a view to creating a hydrogen society and achieving overall carbon neutrality. Both companies will work together on the development of fuel cells system and the improvement of infrastructure.

The two companies signed an agreement in December 2011 to establish a mid-long-term cooperative relationship in environmental technology, and have jointly advanced the development of environmental technologies, including fuel cells and sports cars, for over a decade. Sharing a common vision of “realizing a hydrogen society,” the two companies will continue to accelerate technological innovation in fuel cell systems.

The two companies will provide a wider range of options to customers by equipping more passenger cars with fuel cell systems.

Toyota and BMW are collaborating on the development of a third-generation fuel cell system, which will be installed in both companies’ models to provide customers with a broader range of fuel cell electric vehicles (FCEV). As a first step, BMW plans to launch its first mass-produced FCEV in 2028.

Both companies will also work to create synergies through collaboration in development and procurement as well as drive down costs by amalgamating powertrain units to expand commercial and passenger vehicle demand. By making FCEV a more accessible option, the partnership will contribute to the creation of a hydrogen society.

Establishing sustainable hydrogen supply networks

Both companies believe that working with like-minded partners is essential for realizing a hydrogen society. Given the need to create clusters of demand for hydrogen in the early stages of popularisation, Toyota and BMW will encourage sustainable hydrogen supply by creating demand and working closely with hydrogen-producing companies as well as distribution and refueling facilities to ensure a stable hydrogen supply and reduce costs.

Koji Sato, President of Toyota, said, “We are pleased that the collaboration between BMW and Toyota has entered a new stage. In our long history of partnership, we have confirmed that BMW and Toyota share the same passion for cars and belief in “technology openness” and a “multi-pathway” approach to carbon neutrality. Based on these shared values, we will deepen our collaboration in efforts such as the joint development of next-generation fuel cell systems and the expansion of infrastructure, aiming for the realization of a hydrogen society. We will accelerate our efforts together with BMW and partners across various industries to realize a future where hydrogen energy supports society.”

Oliver Zipse, Chairman of the Board of Management, BMW AG, commented, “This is a milestone in automotive history: the first-ever series production fuel cell vehicle to be offered by a global premium manufacturer. Powered by hydrogen and driven by the spirit of our cooperation, it will underscore how technological progress is shaping future mobility. And it will herald an era of significant demand for fuel cell electric vehicles.”

Toyota has positioned hydrogen as a key energy source in its efforts to achieve carbon neutrality, and has been advancing initiatives in collaboration with many partners across the areas of “producing, transporting, storing, and using” hydrogen.

Toyota aims to be best-in-town by conducting locally rooted management that caters to each region’s market characteristics and customer needs. Moving forward, we will continue to address the needs of customers in each region by focusing on a multi-pathway approach that includes FCEV, BEV, HEV, and PHEV options, all while steadily working towards reducing CO2 emissions.

About Toyota

Toyota strives to be a strong corporate citizen, engaging with and earning the trust of its stakeholders, and to contribute to the creation of a prosperous society through all its business operations.

Our corporate principles form the basis of our initiatives, reflect values that enable action, and drive our mindset.

URL: https://plus.google.com/+toyotaglobal | Facebook : https://www.facebook.com/ToyotaMotorCorporation/ | Twitter : https://twitter.com/TOYOTA_PR/ | Youtube : https://www.youtube.com/user/toyotajpchannel/ | Linkedin : https://linkedin.com/company/toyota

More From RunAroundTech.com

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

DON'T MISS

Intel Launches First AI PC Intel Core Ultra Desktop Processors

Intel launched the new Intel® Core™ Ultra 200S series processor family that will scale AI PC capabilities to desktop platforms and usher in the first enthusiast desktop AI PCs.

Unleashing the Power of TP-Link AX3000 WiFi 6 Router

Unleashing the Power of TP-Link AX3000 WiFi 6 Router: Enhance your connectivity with lightning-fast speeds and advanced technology.

MORE FROM RUNAROUNDTECH.COM

Lexus Introduces Enhancements to the LX Series and the All-New LX 700h Featuring a Newly Developed Advanced Hybrid System

Lexus brings new enhancements to the LX and introduces the LX 700h, featuring the brand's newly developed hybrid system, which was announced on October 10th.

Professional, Powerful, and Portable, the XSOOH Ionic Hair Dryer

Experience professional salon-quality hair drying in the comfort of your own home with the XSOOH high-speed ionic hair dryer. This powerful and portable device will revolutionize your hair styling routine.