The Dutch automotive corporation has entered negotiations to acquire a substantial stake in the Michelin-Faurecia joint venture and expects to complete the transaction within the first six months of 2023.

The two American firms announced a strategic partnership which would see Plug Power supplying Nikola with fuel and processing equipment to support Nikola’s hydrogen strategy.

Hyundai, which has had a presence in China CV manufacturing sector through joint venture companies for many years, is to use its new MOU with CICC to expand its presence in the region in zero emissions HFC technology.

The plant will be used for the assembly of LCVs as well as for the production of 50MW of green hydrogen using advanced electrolysis technology.

Equipped with a 30-kW fuel cell, a 33-kWh battery and a tank containing 4.5 kg of hydrogen at 350 bar, the bus offers a 300 km range with up to 15 passengers, and a 5-minute refuelling time.

The project brings together a consortium led by HVS and includes Fusion Processing, Grayson and PNDC.

The new products are designed to increase efficiency, promote the use of renewable fuels, and open the market to electric mobility in both goods and passenger transport.

The consortium is to consist of Ideanomics subsidiary, U.S. Hybrid Corporation and A-1 Alternative Fuel Systems Inc, supported by funding from South Coast Air Quality Management District (South Coast AQMD) and SoCalGas.

Ballard is to build a membrane electrode assembly plant to boost global fuel cell engine capacity.

First Hydrogen’s HFC-powered LCVs recently received type approval certification from the Vehicle Certification Authority (VCA) in Britain.

The companies include Italian bus manufacturer, Rampini Carlo SpA, South Korea’s NGVI Inc (Next Generation Vehicles International) and Australia’s, Aluminium Revolutionary Chassis Company (ARCC).

The two-axle freight goods truck uses the Atego chassis from Daimler Trucks, has a payload of 9 tons, a 500 km range, 200 kW engine, 1,400 Nm torque and a 30-minute refuelling time.