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

  • Sany and Palfinger finalise and sign new mutual shareholdings deal
    December 11, 2013
    Chinese construction equipment manufacturing giant Sany and leading innovative lifting solution manufacturer Palfinger have finalised and signed contracts for the expansion of their mutual shareholdings. The move comes after an agreement in principle to extend their strategic partnership was reached by the two construction groups at the end of September 2013. Herbert Ortner, CEO of Palfinger, headquartered in Salzburg, Austria said, “During the past few weeks we have discussed the details of the capital i
    Read More
  • Many manufacturers offering new excavators
    May 19, 2015
    An array of major manufacturers are introducing revamped and improved excavators to meet the latest requirements - Mike Woof writes. With efficiency, emissions and ease of maintenance all high up the agenda for customers, manufacturers have delivered a new generation of machines that offer increased output while using less fuel. The firms have all developed new models that meet the latest stringent emissions requirements. Ranging from 25-40tonnes, Case Construction Equipment has four new D Series craw
    Read More
  • Concrete testing - defining standards
    February 13, 2012
    Concrete is a versatile construction product, but it must be tested to make sure that it is fit for purpose
    Read More
  • China plans to boost use of electric vehicles
    December 6, 2012
    The authorities in China are keen for increased use of electric vehicles as part of a plan to reduce pollution in major cities, and as part of a wider programme aimed at lowering the environmental impact from mobility. Fuel costs are comparatively high in China, further encouraging drivers to switch to electric vehicles, at least for urban trips. And electric-assist bicycles as well as scooters are already popular in Chinese cities, highlighting the strong potential market for electric cars in the country.
    Read More

Highlighted Content