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Hyzon signs MoU for FCEV production in Saudi Arabia


Hyzon signs MoU for FCEV production in Saudi Arabia
Hyzon Motors is planning to build an assembly plant in Saudi Arabia with the Saudi industrial conglomerate Modern Group. The plant is to be built in the planned city of Neom in the northwest of the country and will have an annual capacity for the assembly of up to 10,000 FC commercial vehicles.
A memorandum of understanding (MoU) has now been signed between the developer of fuel cell commercial vehicles and the Modern Group. This states that the partners will establish a joint venture company called Hyzon Motors Middle East to facilitate plant construction. The locally manufactured fuel cell commercial vehicles are to be sold domestically, but also in the Gulf Cooperation Council (GCC) markets in the Middle East. These include Saudi Arabia, Kuwait, Oman, Qatar, Bahrain and the United Arab Emirates (UAE). ....

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