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Stock impact report

Nuvera Breaks Ground on Automated Fuel Cell Production Facility in China

Hyster-Yale Materials Handling, Inc. Class A (HY) 
Last hyster-yale materials handling, inc. class a earnings: 7/31 05:08 pm Check Earnings Report
Company Research Source: PR Newswire
BILLERICA, Mass., Dec. 18, 2019 /PRNewswire/ -- Nuvera Fuel Cells, LLC, a provider of fuel cell power solutions for motive applications, is pleased to announce construction of a fuel cell stack production line in the Hangzhou district government of Fuyang, China. A ground-breaking ceremony was held on Dec. 17, 2019 attended by Lucien Robroek, CEO and Jon Taylor, President of Nuvera, along with Fuyang government officials.In December 2018, Nuvera signed a cooperation agreement with the Fuyang government, located in Zhejiang province, to enable the local manufacture of Nuvera® fuel cell stacks. The agreement provided incentives to Nuvera for the establishment of its production facility. The fuel cells will power zero-emissions, heavy-duty vehicles such as delivery vans and transit buses. "China is leading the world in the adoption of fuel cell electric vehicles, and we are excited to be at ground zero of this transformation," said Lucien Robroek. "The new manufacturing site establishes Show less Read more
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