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.

With under 100 hydrogen fuelling stations in the US versus 150,000 gas stations and 20,000 battery electric vehicle recharging stations, HTC wants to accelerate the deployment of hydrogen stations.

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