DGAP-News ElringKlinger and Plastic Omnium partner in fuel cell technology to accelerate the development of hydrogen mobility

Nachrichtenquelle: EQS Group AG
28.10.2020, 21:43  |  175   |   |   

DGAP-News: ElringKlinger AG / Key word(s): Alliance
ElringKlinger and Plastic Omnium partner in fuel cell technology to accelerate the development of hydrogen mobility

28.10.2020 / 21:43
The issuer is solely responsible for the content of this announcement.


Dettingen/Paris, October 28, 2020

ElringKlinger and Plastic Omnium partner in fuel cell technology to accelerate the development of hydrogen mobility

- Creation of EKPO Fuel Cell Technologies, a leading joint venture for development and mass production of fuel cell stacks for CO2-neutral mobility

- ElringKlinger will contribute its fuel cell business and know-how and Plastic Omnium will bring additional development capacity to accelerate growth

- ElringKlinger will hold 60%, Plastic Omnium 40% of the new company

- Plastic Omnium acquires ElringKlinger's Austrian subsidiary, specialized in integrated hydrogen systems, to complement its global hydrogen strategy

 

Hydrogen will play a major role in tomorrow's sustainable mobility. Convinced of the promising future of this zero emission technology, ElringKlinger and Plastic Omnium, two automotive supplier leaders in their respective business areas, today agreed to take hydrogen-based fuel cell technology to the next level. To fulfil this objective, they will create EKPO Fuel Cell Technologies, a joint venture dedicated to fuel cell stack development, production and commercialization. EKPO Fuel Cell Technologies will offer its product portfolio to a broad range of customers including hydrogen systems integrators.

EKPO Fuel Cell Technologies will be owned 60% by ElringKlinger and 40% by Plastic Omnium. ElringKlinger will bring all of its assets related to fuel cells stacks, developed over more than 20 years. Assets include more than 150 employees, more than 150 patents, R&D and know-how, its fuel cell components business, and several high power density fuel cell stack platforms already marketed and manufactured at a facility located in Dettingen/Erms (Baden-Württemberg), where the joint venture will also be headquartered. The annual production capacity of initially up to 10,000 units in the joint venture will be progressively extended according to the order book.

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DGAP-News ElringKlinger and Plastic Omnium partner in fuel cell technology to accelerate the development of hydrogen mobility DGAP-News: ElringKlinger AG / Key word(s): Alliance ElringKlinger and Plastic Omnium partner in fuel cell technology to accelerate the development of hydrogen mobility 28.10.2020 / 21:43 The issuer is solely responsible for the content of this …

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