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Renault-Nissan, Daimler, Ford in electric car link

Renault chief operating officer Carlos Tavares with a Zoe electric car in Paris in December. The Franco-Japanese automakers Renault-Nissan said on Monday that they have signed a deal with Daimler and Ford jointly to develop a fuel cell which would equip electric cars from 2017.

The Franco-Japanese automakers Renault-Nissan said on Monday that they have signed a deal with Daimler and Ford jointly to develop a fuel cell which would equip electric cars from 2017.

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, a statement said.