First Hydrogen Corp. Partners with German Manufacturer for Hydrogen-Powered e-Vans Supply Line
Key Ideas
- First Hydrogen Corp. signs an LOI to secure a supply line of hydrogen-powered e-Vans from a large German automotive manufacturer, aiming to offer customized hydrogen-powered-fuel-cell light commercial vehicles to fleet operators.
- Trials in the UK have shown success with the FCEVs, achieving a peak range of 630km on a single refueling, showcasing power delivery capabilities. The company is receiving interest from North America.
- The collaboration will provide access to vehicles, integration capabilities, and technical support, facilitating the entry of First Hydrogen's FCEVs into the North American market. The company is focused on zero-emission vehicles and green hydrogen production.
- First Hydrogen is also developing a 35MW green hydrogen production facility and vehicle assembly factory in Quebec, showcasing a commitment to sustainable energy solutions.
First Hydrogen Corp. has entered into a non-binding letter-of-intent with a large German multinational automotive manufacturer to secure a supply of e-Vans powered by hydrogen-fuel-cell technology. The agreement, subject to finalization, includes integrating First Hydrogen's powertrain into the German-branded vans, providing access to engineering, technical support, and certification services.
The company's hydrogen-powered-fuel-cell vehicle (FCEV) has successfully completed trials with a multinational logistics company in the UK, demonstrating a peak range of 630km on a single refueling. The FCEV showcased its power delivery capabilities by achieving outputs of 60kW during accelerations, making it suitable for demanding tasks like carrying heavy payloads or operating auxiliary equipment.
Balraj Mann, the Group CEO of First Hydrogen, expressed optimism about the collaboration, highlighting the access it provides to vehicles, integration capabilities, and technical support for entering the North American market. The company's focus on zero-emission vehicles and green hydrogen production aligns with its commitment to sustainable transportation solutions.
Additionally, First Hydrogen is working on developing a 35MW green hydrogen production facility and a vehicle assembly factory in Shawinigan, Quebec, further emphasizing its dedication to promoting environmentally friendly technologies. The company's vision includes offering fleet operators in North America customized hydrogen-powered-fuel-cell light commercial vehicles, contributing to the shift towards cleaner transportation options.
Topics
Power
Partnership
Commercial Vehicles
Zero-emission Vehicles
Logistics
Green Hydrogen Production
Forward-looking Statements
Trial Success
North American Market
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