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Aug 27, 2024 - 16:03
By asia.nikkei.com

Toyota and BMW to form alliance in fuel cell vehicle manufacturing

FRANKFURT/NAGOYA -- Toyota Motor and BMW will upgrade their partnership in fuel cell vehicles as the two auto giants see them as prospective next-generation eco-friendly models amid slowing growth in demand for electric vehicles, Nikkei has learned. BMW aims to begin mass production of a fuel cell vehicle model in a few years.

The Japanese and German companies are set to sign a memorandum of understanding for the partnership next week and announce it during BMW's media roundtable on Sept. 5.