Renault is joining forces with the American company Plug Power Inc., a specialist in fuel cell systems, to become the world leader in hydrogen light commercial vehicles.
A little over a year after joining forces with Symbio, a subsidiary of Michelin, to fuel its utility vehicles with hydrogen, Renault changes partners and today joins forces with Plug Power Inc., the world leader in systems. of fuel cells, with the aim of “becoming a leader in the field of hydrogen light commercial vehicles”.
The two companies have signed a memorandum of understanding to create a 50/50 joint venture that will be established in France by the end of the first half of 2021. The latter will aim to hold more than 30% of the market share in the hydrogen light commercial vehicles (LCV) segment in Europe.
“The joint venture will locate in France cutting-edge activities for research and development, the manufacture of fuel cell systems and their integration into vehicles.”, Specifies Renault in a press release.
Start of marketing in 2021
“The partnership will offer a service offering that is unique on the market: complete and turnkey solutions, including the supply of hydrogen vehicles, recharging stations, refueling, as well as services adapted to these new needs. “, continues the firm.
Before adding: “This joint venture will support the very strong growth in the market for commercial vehicles, taxis and commercial passenger transport, operating with a fuel cell.”
The new joint venture will begin marketing fuel cell light commercial vehicles through the deployment of pilot fleets in Europe during 2021. The focus will initially be on the van segment using the Trafic and Master vehicle platforms.
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