By Dan Kedmey
November 17, 2014

Toyota unveiled its hydrogen-powered concept vehicle ‘Mirai’ on Monday, stealing thunder from a scheduled press conference on a hydrogen-powered vehicle from rival automaker Honda.

“The future has arrived, and it’s called, ‘Mirai,'” said Toyota chief executive Akio Toyoda in a video announcement posted to YouTube (the word ‘mirai’ actually means ‘future’ in Japanese). Toyoda said the vehicle could travel 300 miles on a single tank of hydrogen.

The announcement went live several hours before Honda was scheduled to disclose new details of its own fuel cell vehicle, the Wall Street Journal reports.

The Mirai is expected to go on sale by the end of the year, once again getting the jump on Honda’s hydrogen-powered vehicle, which is expected to go on sale by spring of 2016 at the latest.

Contact us at editors@time.com.

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