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Benzinga
Benzinga
Business
Akanksha Bakshi

CNH Industrial's IVECO, Air Liquide Partner To Develop Hydrogen Mobility In Europe

  • CNH Industrial NV's (NYSE:CNHI) commercial vehicles brand IVECO and Air Liquide SA (OTC:AIQUF) signed a Memorandum of Understanding to develop hydrogen mobility in Europe. Deal terms not disclosed.
  • The companies will study the roll-out of heavy-duty fuel-cell electric long-haul trucks coupled with the deployment of a network of renewable or low-carbon hydrogen refueling stations along the main trans-European transport corridors. 
  • This partnership is in line with the companies' ongoing collaboration in the HyAMMED (Hydrogène à Aix-Marseille pour une Mobilité Ecologie et Durable) project in the South of France, to develop the first European fleet of fuel-cell electric 44-tonne trucks.
  • Price Action: CNHI shares are trading higher by 0.74% at $17.68 during the premarket session on Tuesday.
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