Germany’s Bosch has formed an alliance with Powercell Sweden AB, the Swedish manufacturer of fuel-cell stacks for the automotive sector. Under the agreement, the two partners will work jointly to make hydrogen fuel cells for heavy-duty commercial vehicles.
Bosch will manufacture this technology under license for the global automotive market. Bosch estimates that as much as 20 percent of all electric vehicles worldwide will be powered by fuel cells by 2030.
“In the fuel-cell domain, Bosch already has a strong hand, and the alliance with Powercell makes it even stronger. Commercializing technology is one of our strengths. We are now going to take on this task with determination and develop this market,” says Dr. Stefan Hartung, member of the Bosch board of management and chairman of the Mobility Solutions business sector.
Per Wassén, Powercell’s CEO, says: “With the combined weight of its clout and expertise, Bosch will provide our fuel-cell technology with the chance to gain a foothold in the automotive market. We couldn’t imagine a better partner than Bosch for this.”
Powercell was spun off from the Volvo Group in 2008.