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Toyota, BMW Expected to Sign Fuel Cell Agreement

German automaker would plan to build production version by 2020.

by on Jan.23, 2013

Toyota showed the FCV-R fuel cell vehicle in 2011.

Nearly seven months after announcing an expansion to their alliance, Toyota and BMW appear ready to announce the first fruits of their partnership.

According to published reports, Toyota is close to inking an agreement to license its fuel cell vehicle technology to BMW. Official word on the agreement could come as early as Thursday.

Power! Power! Power!

BMW plans to build a prototype vehicle using the technology by 2015 with production possible by about 2020.

The fuel cell project is just the first fruits of what the automakers plan as a multi-project partnership.

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