The Bosch automotive supplier is entering into the development and production of fuel cells for cars and trucks on a large scale.
Together with Swedish manufacturer Powercell, Bosch wants to bring the so-called batteries to production maturity and then produce them for the global market, according to a statement released on Monday. The battery is the heart of the fuel cell, where hydrogen is converted into electrical energy. The system should enter the market by 2022 at the latest.
Bosch sees the fuel cell as a billion-dollar market and claims to estimate that by 2030, up to 20% of all electric vehicles worldwide will be powered by technology. The supplier sees the best opportunities for commercial vehicles for now. For a national use also in the passenger car industry, technology must first be cheaper.
Bosch is already working with Nikola Motors in the US to develop fuel cell trucks. Last year the supplier also entered into a cooperation agreement with the British company Ceres Power to boost the development of small-scale fuel cell power plants but with a different technology behind them. Bosch had also considered, for a long time, even producing battery cells for electric cars, but then said goodbye at cost reasons.
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