Ford focused on internal research and development and will close its joint venture with Daimler Fuel Cell

According to foreign media reports, Ford revealed to foreign media that its automotive fuel cell company with Daimler in Burnaby, British Columbia, Canada, will be closed this summer. According to reports, the joint venture was established in 2007 by Ford Motor Company, Daimler Company and Ballard Power Systems Inc. of Canada. The three-party holdings were 30 %, 50.1 % and 19.9 %, respectively.

Ford and Daimler are slowing their joint research and development as they plan to develop their own fuel cell technology internally, Ford said on June 13. "By the summer of 2018, the company will be using its internal supply base to start developing internal fuel cells," he added. In addition, while the joint venture has been closed, the parties will continue to explore ways to cooperate in the development of fuel cell electric reactor modules. "

Daimler chief executive Dieter zetsche hinted earlier this year that the company was shifting its focus to electric vehicles.

In the development of fuel-cell powered vehicles, although many major carmakers and start-ups have conducted research and investment for many years, this area is still a niche market in the global automotive industry.

Honda and General Motors are working together to develop fuel cells, and Toyota is increasing its efforts to mass-produce fuel cells. Earlier this week, Ballard Power Systems renewed its contract with Volkswagen's Audi to develop fuel cells.

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