Renault-Nissan form partnership

Nissan fuel cell vehicle is set for 2015 launch Paris - Arabstoday The Franco-Japanese automakers Renault-Nissan have signed a deal with Daimler and Ford to develop a fuel cell which would equip electric cars from 2017, a joint statement said on Monday. The three groups plan to hold equal shares in the project and expect to launch the first large scale production of affordable fuel-cell powered vehicles in 2017, the statement said, without providing financial details of the agreement. \"The collaboration sends a clear signal to suppliers, policymakers and the industry to encourage further development of hydrogen refuelling stations and other infrastructure necessary to allow the vehicles to be mass-marketed,\" the statement said. Electric vehicles already represent a major development strategy for Renault-Nissan, and fuel cells, which used a chemical reaction between hydrogen and oxygen to produce electricity, are presented as a complement to that effort. The companies aimed to \"maximise design commonality, leverage volume and derive efficiencies through economies of scale,\" it added. Nissan has already signed a similar agreement with fellow Japanese companies Toyota and Honda, and the Korean group Hyundai, to sell vehicles equipped with fuel cells in Scandinavian countries from 2015. Source: AFP