Renault and Plug Power’s hydrogen mobility joint venture (JV) Hyvia is to be liquidated after it failed to find a buyer.
The French JV entered receivership proceedings in December after facing challenges in the “slow evolution of hydrogen mobility ecosystems in Europe and the very high development costs required for hydrogen innovation.”
However, a judgement by the Court of Economic Activities of Versailles, dated February 18, converted the process into a legal liquidation.
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