Article
Phoenix Enters Hydrogen Fuel Cell Market with Acquisition of Altergy Assets
Description
Phoenix Motor Inc. (Nasdaq: PEV) ('Company' or 'Phoenix'), a leader in manufacturing of all-electric, medium-duty vehicles, announced the acquisition of hydrogen fuel cell manufacturing assets, including an automated, robotic fuel cell assembly line, from Altergy Systems ('Altergy'). Phoenix will utilize the manufacturing facility to design and produce hydrogen fuel cells to power forklifts, hybrid buses, vans and trucks, and long-range, heavy-duty trucks.
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Gyeonggi Province completes Korea's largest hydrogen production complex in Pyeongtaek City, capable of supplying fuel for 410,000 hydrogen vehicles annually
A hydrogen production complex capable of supplying fuel for 410,000 hydrogen vehicles per year opened in Pyeongtaek City, Gyeonggi Province, on July 27.
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