Air Liquide and Chinese startup STNE (Shanghai Sinotran New Energy Automobile Operation) have signed a partnership to accelerate the rollout of hydrogen (H2)-powered electric truck fleets in China.
This agreement fits in with the Chinese government’s 13th five-year plan, which aims notably to support the development and sale of H2-powered electric vehicles serving clean mobility.
Through this partnership, Air Liquide acquires a minority stake of around €10m in STNE, a H2 logistics platform designed for urban deliveries of goods, which currently operates a H2 station in Shanghai and a fleet of 500 H2-powered trucks.
As part of this agreement, the Tier One corporation will provide STNE with its expertise in the entire H2 supply chain, from production and storage to distribution, to accelerate the startup’s development. STNE aims to run a fleet of up to 7,500 trucks and to operate a network of around 25 H2 stations by 2020.
... to continue reading you must be subscribed
