Renault says it could team up with Plastic Omnium on hydrogen tanks
Reuters
Published Sep 07, 2021 17:02
MUNICH, Germany (Reuters) - French automaker Renault (PA:RENA) has said it could team up with Plastic Omnium to make hydrogen storage tanks for one of its upcoming vans, as suppliers race to adapt their manufacturing to rapidly changing car models.
Plastic Omnium, which makes fuel tanks for traditionally powered cars, is shifting into supplying electrified vehicles, and also branching into areas such as hydrogen, which can also be used to produce electricity through fuel cells.
Renault's engineering chief Gilles Le Borgne told journalists at the Munich auto show on Monday that Renault would partner with French parts maker Faurecia for the first hydrogen-powered version of its Master vans and could work with Plastic Omnium thereafter.
Plastic Omnium's new energies director Marc Perraudin told Reuters that the contract, if it materialised, would likely lead it to set up a new factory. It did not say where.
Carmarkers globally are racing to produce more electric cars to meet stringent new rules on emissions and respond to shifting consumer demands, and are also exploring other cleaner ways of powering vehicles.
Faurecia and tyre marker Michelin (PA:MICP) have created a joint venture to work on hydrogen technology and are also working with Peugeot-maker Stellantis, while Renault has also paired up with U.S. hydrogen specialist Plug Power to develop hydrogen-powered light commercial vehicles.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.