UK-headquartered Intelligent Energy (IE) has announced it has signed an agreement with Hogreen Air to assemble its IE-DRIVE™ fuel cells under license for the South Korean and wider Asian markets.
The contract includes an initial order for fuel cell stacks and component to assemble one hundred 100kW IE-DRIVE HD fuel cell systems, which are expected to commence in 2024.
Hogreen broke ground on its new production facility in Gwangju, South Korea in September (2022), as the company prepares to ramp up its assembly capacity.
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