PARIS (Reuters) – Renault on Tuesday announced the signing of a memorandum of understanding with the American Plug Power with a view to the creation, by the end of the first half of the year, of a 50-50 joint venture in vehicles hydrogen light commercial vehicles (LCV).
This joint venture, located in France, has set itself the objective of conquering more than 30% of the market share of hydrogen LCVs in Europe, Renault said in a press release.
Plug Power is the world leader in fuel cell systems and hydrogen related services, he adds.
“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, “Renault said in its press release.
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