Honda plans to sell its production  hydrogen fuel cell vehicle in 2016 rather than 2015 as it had planned, the automaker announced Monday.

The FCV Concept will be the basis for Honda's all-new FCV that's now scheduled to go on sale in Japan by the end of March 2016, and subsequently in the U.S. and Europe. The announcement comes as Toyota unveiled the name for its fuel-cell vehicle, which will be called the Mirai.

The automaker also unveiled the Honda Power Exporter Concept, a concept model for an external power feeding device that enables AC power output from the FCV with maximum output of 9 Kw, according to Honda.

In addition to the FCV and external power feeding device, Honda will further promote the application of the Smart Hydrogen Station (SHS), a packaged hydrogen station unit that adopts Honda’s original high-differential-pressure electrolyzer.

The Honda FCV Concept is also equipped with a 70 MPa high-pressure hydrogen storage tank that provides a cruising range of more than 700 km (approximately 435 miles). The tank can be refilled in approximately three minutes, according to Honda.