Jan 22, 2013 Japanese automaker Toyota Motor Corp is nearing an agreement to license its fuel-cell vehicle technology to Germany's BMW AG, the Nikkei reported.
Under the agreement, to be made official as early as Thursday, Toyota will provide the world's largest premium carmaker with drivetrain and hydrogen storage technology, the business daily said.
BMW will use the technology to build a prototype vehicle by 2015, with plans for a market release around 2020, the Nikkei said.
http://www.reuters.com/article/toyota-fuelcell-bmw-idUSL4N0AR4NQ20130122
The fuel cell plan isn't the first time BMW and Toyota have signed a technology-sharing agreement. Previous BMW has signed deals to license Toyota technology in the areas of diesel engines and lithium batteries.