Ford, Nissan, And Daimler Forged Fuel Cell Technology Development Agreement
An agreement was forged by three major auto manufacturers recently that will result to a common fuel cell system. The system will be used for upcoming zero-emission vehicles. The release of reasonably-priced, hydrogen-powered, mass market vehicles within five-years-time is the main goal of the agreement between Ford, Nissan and Daimler. It also aims to set global component standards. An equal investment will be given by Ford Motor Company, Nissan Motor Company, and Daimler, which will minimize expenses in the development of the technology. This is made possible by optimizing a common design and taking advantage of the economies of scale. The joint statement by the three manufacturers serves to support… Continue Reading »