HTC wants to acquire a 20% equity stake in Hydrogen Fueling Corp

HTC wants to acquire a 20% equity stake in Hydrogen Fueling Corp

HTC Extraction Systems has revealed its intention to acquire a 20% equity stake in US-based Hydrogen Fueling Corp as it moves forward with plans to accelerate hydrogen fuelling infrastructure in the US.

In a statement, HTC said established vehicle manufacturers (Toyota, Hyundai, Daimler and Volvo) are ramping up their delivery schedules of hydrogen-powered long-haul trucks and cars, and efficient, safe fuelling infrastructure is needed.

Nikola Motors has also announced it will be manufacturing hydrogen-electric long-haul vehicles and has received billions of dollars of pre-orders, HTC highlighted.

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