Daimler, Ford, and Nissan Sign Agreement to Develop Fuel Cell Vehicle Technology

January 31, 2013

Three automakers, Daimler AG, Ford Motor Company, and Nissan Motor Co., Ltd., have signed an agreement to jointly develop a common fuel cell electric vehicle (FCEV) system. Each company plans to invest equally toward the project. According to the companies, their strategy is to use this project to launch the world’s first affordable, mass-market fuel cell electric vehicle as early as 2017.