Daimler, Ford and Renault-Nissan have formed an alliance to jointly develop a fuel cell system.
Following last week's rumor, the three parties have signed an agreement to develop a fuel cell system which should lead to mass-market FCVs as early as 2017. They will work together for creating a common fuel cell stack and fuel cell system which will be available in "highly differentiated" separately branded models.
They will also help define global specifications, develop infrastructure solutions to allow mass-market fuel-cell vehicles, as well as create the necessary component standards.
Fuel-cell electric vehicles are powered by electricity obtained from hydrogen and oxygen. The necessary electricity is produced in the fuel cell stack where it's generated by an electro-chemical reaction between hydrogen (stored in a high-pressure tank) and oxygen (from the air). These FCVs only emit water while running.
This news comes after Toyota and BMW have agreed last week to join forces for the same type of tech.