“In the context of the current economic
downturn cooperation has become even more
necessary” to achieve the target of a carbon-
neutral Europe “within a feasible time-frame,” the
companies said in a statement.
Both companies aim to offer heavy vehicles with
fuel cells in the second half of this decade, and
the venture also will explore “other automotive
and non-automotive use cases,” they said.
Fuel cells use hydrogen to create electricity.
The companies said their preliminary agreement
is non-binding. A final agreement is expected by
this year’s third quarter.