General Motors (GM) joins with Autocar Industries to build heavy-duty hydrogen vehicles
Get Alerts GM Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
EPS Growth %: +26.1%
Join SI Premium – FREE
General Motors (NYSE: GM) and Autocar Industries announced Thursday that the two company’s have agreed to collaborate on creating hydrogen-fueled heavy vehicles utilizing GM's fuel cell unit, Hydrotec.
These innovative vehicles, aiming for zero emissions, will replace conventional diesel-powered models like cement mixers, dump trucks, refuse trucks, road maintenance vehicles, and terminal tractors.
Production of these groundbreaking vehicles is expected to begin in 2026 at Autocar's Birmingham, Alabama plant.
"We want to enable zero tailpipe emissions solutions for the largest, highest energy consuming vehicles, and fuel cells are ideal for the most energy intensive applications," said Hydrotec executive director Charlie Freese.
Hydrotec will supply "power cubes" containing over 300 hydrogen fuel cells, in addition to specialized "thermal and power management systems and proprietary controls." Each power cube will deliver 77 kilowatts of power.
Hydrogen fuel cell vehicles operate by combining hydrogen with oxygen to generate energy and water, subsequently powering a battery. They offer the advantage of refueling within minutes and boast significantly longer ranges compared to Battery Electric Vehicles.
"As regulations change, we see Hydrotec fuel cells as an additional avenue for our customers to meet their EPA (Environmental Protection Agency) requirements with zero tailpipe emissions vehicles," said Autocar president Eric Schwartz.
Shares of GM are up 1.66% in mid-day trading on Thursday.
By Michael Elkins | [email protected]
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- A.O. Smith executive chairman to retire, CEO to assume chairman role
- Johnson Outdoors names Asad Rahman as new CFO effective June 30
- Citi sees 'significant upside potential' in this Japanese stock
Create E-mail Alert Related Categories
Corporate News, Hot ListRelated Entities
Michael ElkinsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share