JV to develop and manufacture fuel cell systems in Japan

Intelligent Energy, a specialist in clean power systems, and the Suzuki Motor Corporation have announced the creation of a joint venture company called Smile FC System Corporation, to develop and manufacture air-cooled fuel cell systems for a range of industry sectors.
March 16, 2012 Read time: 2 mins

4011 Intelligent Energy, a specialist in clean power systems, and the Suzuki Motor Corporation have announced the creation of a joint venture company called Smile FC System Corporation, to develop and manufacture air-cooled fuel cell systems for a range of industry sectors. The joint venture also includes a non-exclusive license agreement that gives Suzuki access to Intelligent Energy’s fuel cell technology for its next generation of environmentally friendly fuel cell vehicles.

Under the terms of the contract, both companies will take a 50 per cent stake in the joint venture. Smile FC System Corporation will be led by Osamu Honda, executive VP and representative director for Suzuki Motor Corporation, who will become president of the JV which will be headquartered in Hamamatsu City, Shizuoka, with operations initially based in Yokohama, Japan.

According to Intelligent Energy’s Phil Caldwell, newly appointed to the board of Smile FC System, “This joint venture is the latest exciting development in the successful relationship between Intelligent Energy and Suzuki, which has previously resulted in the Crosscage motorcycle and the Suzuki Burgman fuel cell scooter. It is a big step towards the mass production of automotive fuel cell systems.”

For more information on companies in this article

Related Content

  • New CECE president takes over
    January 10, 2020
    Niklas Nillroth has taken over as president of European construction equipment association CECE, starting from January 1 this year.
    Read More
  • ECED construction machinery dealers think tank
    July 4, 2012
    ECED's first 'Machinery Dealers Think Tank' in Lisbon proved a big success Dr. José Gameiro, President of the European Confederation of Equipment Distributors (ECED) and a member of the Board of the Portuguese association ACAP, hosted the Fall General Assembly of the ECED Lisbon, Portugal. Preceding this bi-annual formal gathering (on 22 November), Dr. José Gameiro welcomed 17 independent distributors from Portugal, France, UK, Spain, Austria and Eastern Europe, as well as seven of the most prominent nation
    Read More
  • SDLG and Volvo CE are utilising a novel dual brand approach in key markets
    October 14, 2013
    SDLG and Volvo CE are adopting a dual brand approach – Mike Woof writes. Chinese firm SDLG and its European partner Volvo CE are working on a novel arrangement that will see the two companies use a dual brand marketing strategy. While the sales channels in these markets will remain distinct, some back office services and parts logistics will be shared, affording SDLG much greater customer support than offered by other Chinese exporters
    Read More
  • Safety issues fuel interest at PIARC’s tunnel conference in Lyon
    June 4, 2019
    Alternative fuel and automated vehicle issues occupied minds at PIARC’s first international road tunnel safety conference. David Arminas reports from Lyon More than ever, tunnel management must done in a wholistic fashion, said Andre Broto, president of PIARC, the World Road Association, based in Paris. With those sentiments, Broto kicked off PIARC’s first International Conference on Tunnel Operations and Safety. One of the first speakers, Sandrine Bernabei Chinzi, head of transport infrastructure at Fr
    Read More

Highlighted Content