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30 04 2019 01

The Group estimates that hydrogen will power up to 20% of all EVs worldwide by 2030.

The German automobile supplier Bosch announced their entry into serial production of fuel cells for trucks and passenger cars. To help accomplish this, the company has entered into a cooperation with the Swedish manufacturer PowerCell Sweden for further development and production of stacks.

The agreement stipulates that both partners will develop fuel cell stacks based on the polymer electrolyte fuel cell (PEM) to production maturity. Bosch will then manufacture the technology under license for the global automotive market. The market launch is scheduled for 2022 “at the latest,” says Bosch.

Bosch sees potential profits in the area of billions of euros in the fuel cell technology business in the long term. By 2030, the Group estimates that up to 20 per cent of all electric vehicles worldwide will be powered by fuel cells – above all in the commercial vehicle market, which, in many places, will soon be obliged to change due to binding CO2 limits, such as those being enacted in Germany.

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