“…The alloys of Pt with various base metals, such as V,28 Cr,29 Co,30 Ti,31 Pb,17d, 32 Hg,33 Cu,34 and Ni,16b and of some noble metals, such as Pd,18a, 35 Ru,19i, 36 Au,37 and Ag,38 have been found to exhibit significantly higher electrocatalytic stabilities and better activities towards the ORR in PEMFCs than Pt alone. Such enhancement can be ascribed to different structural changes that are caused by alloying, such as geometrical factors (decreased PtPt bond length),39 dissolution of the more oxidizable alloying component,40 changes in surface structure,41 or electronic factors (increased Pt d‐band electrochemical vacancy of the Pt skin layer, which originates from the bulk alloy) 28.…”