PARIS: French carmaker Renault and U.S. hydrogen specialist Plug Energy have joined forces to develop hydrogen-powered mild business autos, they stated on Tuesday.The businesses have signed a memorandum of understanding to launch a France-based 50-50 three way partnership by the tip of the primary half of 2021, focusing on greater than 30% share of the gas cell-powered mild business automobile market in Europe, their joint assertion stated.
The information despatched shares in Plug Energy by about 16% to a multi-year excessive of $62.65, having stood at slightly greater than $3 on the finish of 2019.
Renault shares have been up by slightly greater than 2%.
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