TOKYO -- Nissan Motor Co. plans to jointly develop fuel cells with U.S. aerospace group United Technologies Corp. for environmentally friendly vehicles, the Nihon Keizai Shimbun said Tuesday.
The business daily said Nissan aims to catch up with rivals in developing fuel cell vehicles, which run on electricity produced from a chemical reaction between hydrogen and oxygen.
Nissan and UTC Fuel Cells, a United Technologies group firm, will jointly develop fuel cell stacks for powering automobiles.
Officials at Nissan were not immediately available for comment.
Fuel cell vehicles are being touted as a possible solution to smog, global warming and other ecological problems that conventional cars help cause, but automakers are still having trouble developing the cars at an affordable price. Nissan plans to invest $723 million in research and development with French partner Renault SA over the next five years to commercialize fuel cell vehicles, the Nihon Keizai said.
Toyota Motor Corp. is developing its own fuel cell technology, and Honda Motor Co. recently began doing so, the paper said.