Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Renault says it will create French venture with Plug Power

Renault says it will create French venture with Plug Power



French carmaker Renault RNO,
+ 1.76%
said it has signed a Memorandum of Understanding to launch a 50-50 joint venture with Plug Power PLUG,
+ 15.73%
in France by the end of the first half of 2021, with a target of over 30% of the fuel cell-powered light commercial vehicle market in Europe. The joint venture will combine Renault̵

7;s vehicle production capabilities with Plug Power’s knowledge of manufacturing fuel cell and hydrogen systems, the companies said. Plug Power shares jumped 14% in pre-market trading, while Renault added 1.5% in Paris.


Source link