Toyota, Nissan and Honda formed a joint venture with
"At this stage, we believe there is significant space for cooperation, rather than searching for areas of competition," Shigeki Terashi, Toyota executive vice president told reporters.
The new venture—"Japan H2 Mobility" or "JHyM"—comes as the world's top economies rush to issue tougher environmental regulations that are spurring development of new clean cars and trucks.
Japan has focused on promoting fuel-cells, which combine hydrogen and oxygen in an electrochemical reaction, producing clean electricity to power vehicles or home generators.
But fuel-cell vehicles cannot get off the ground without a network of hydrogen stations, and vice versa, and the chicken-and-egg dilemma has stalled the roll-out of the technology, say industry professionals.
Read more at: https://phys.org/news/2018-03-japan-car-giants-team-hydrogen.html#jCp
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