Voith and Weifu Group Collaborate on Hydrogen Storage Systems for Mobility Applications
Key Ideas
- Voith and Weifu Group establish joint ventures for global (excluding China) and Chinese markets to focus on hydrogen storage systems for mobility applications.
- Voith HySTech at the Garching site near Munich, Germany, develops a ready-to-install Plug & Drive H2 storage system for heavy-duty vehicles.
- Collaboration between Voith and Weifu aims to leverage each company's expertise in hydrogen-powered systems for mobility applications.
- The partnership is supported by German company Bosch, which has been researching hydrogen fuel cells with Weifu since the beginning of 2022.
Voith and Weifu Group have announced the establishment of two new joint ventures to collaborate on hydrogen storage systems for mobility applications. Voith's subsidiary, Voith HySTech, located in Garching near Munich, Germany, is focused on developing a ready-to-install Plug & Drive H2 storage system specifically for heavy-duty vehicles. The collaboration also includes a joint venture for the Chinese market, majority-owned by Weifu Group. The partnership with Weifu aims to leverage the expertise of both companies in hydrogen-powered systems for mobility applications. The agreement was facilitated with the support of Bosch, a German company that has been researching hydrogen fuel cells in collaboration with Weifu. Voith and Weifu, both legacy companies with significant industrial backgrounds, see the partnership as a strategic move to accelerate developments in the hydrogen market and capitalize on the growing potential. With Weifu's experience in core components for hydrogen fuel cells and electrolyzers, the collaboration is expected to drive innovation and progress in the field of hydrogen technology.
Topics
Fuel Cells
Partnership
Hydrogen Market
Supply Chains
Heavy-duty Vehicles
Technology Collaboration
Joint Ventures
Automotive Applications
German Legacy Companies
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