September 7, 2024 – Beijing, China
BMW Group has announced its plans to launch the first mass-produced hydrogen fuel cell vehicles by 2028, positioning the German automaker as a pioneer in the premium passenger car market for hydrogen-powered vehicles.
The move comes as the company has been conducting road tests with the BMW iX5 hydrogen fuel cell vehicle across major cities worldwide. The next phase of development involves industrialization and scaling up production, according to a report by Caixin, a leading Chinese financial news outlet.
BMW Group Chairman Oliver Zipse emphasized the significant potential for growth in the market for hydrogen fuel cell vehicles. The demand for hydrogen fuel cell vehicles is expected to surge in the coming years, Zipse said.
To accelerate the development process and share costs, BMW has entered into a comprehensive fuel cell technology cooperation agreement with Toyota Motor Corporation. The collaboration aims to lower the overall cost of fuel cell technology and accelerate the popularization of hydrogen fuel cell vehicles.
The partnership between BMW and Toyota dates back to 2013, when the two companies began collaborating on hydrogen fuel cell technology. The latest round of cooperation is focused on reducing the cost of fuel cell technology and speeding up the market penetration of hydrogen fuel cell vehicles.
The BMW iX5 hydrogen fuel cell vehicle is expected to be a key product in the company’s hydrogen-powered vehicle lineup. The vehicle is currently undergoing road tests in various cities around the world, and the company is working to ensure that the vehicle meets the highest standards of quality and performance.
The launch of the mass-produced hydrogen fuel cell vehicles in 2028 is part of BMW’s broader strategy to reduce carbon emissions and promote sustainable mobility. The company has been investing heavily in the development of alternative powertrains, including electric vehicles and hydrogen fuel cell vehicles.
The move by BMW to enter the hydrogen fuel cell vehicle market is also in line with the global trend towards reducing reliance on fossil fuels and promoting clean energy. As governments around the world increasingly implement policies to incentivize the adoption of clean energy technologies, the market for hydrogen fuel cell vehicles is expected to grow significantly in the coming years.
The partnership with Toyota is a strategic move for BMW, as the Japanese automaker has a wealth of experience in developing and producing fuel cell technology. By collaborating with Toyota, BMW can leverage the expertise of its partner to accelerate the development of its own hydrogen fuel cell vehicles.
The announcement of BMW’s plans to launch mass-produced hydrogen fuel cell vehicles has been welcomed by industry experts and stakeholders. The move is seen as a significant step towards the realization of a sustainable and environmentally friendly transportation system.
In conclusion, BMW’s decision to launch mass-produced hydrogen fuel cell vehicles by 2028 is a bold and strategic move that positions the company at the forefront of the global hydrogen-powered vehicle market. As the world continues to transition towards cleaner and more sustainable forms of transportation, BMW’s commitment to developing hydrogen fuel cell technology is a testament to its dedication to innovation and sustainability.
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