Hyzon Motors and Modern Group will jointly develop a hydrogen-powered vehicle assembly line for the $500bn NEOM in the northwest of Saudi Arabia.
This comes with the news today (29th April) that both companies had entered into a Memorandum of Understanding (MoU) with the giga-project NEOM to supply hydrogen-powered vehicles to the ‘city of tomorrow’.
Hyzon, Modern Group and NEOM Company will work closely over the next 18 months to finalise plans and specifications for the new regional assembly facility, with an anticipated annual capacity to assemble up to 10,000 hydrogen vehicles.
To facilitate the construction of this assembly line, Hyzon and Modern Group plan to incorporate a joint company, Hyzon Motors Middle East (ME), focusing on supplying locally built, Hyzon-branded zero-emission commercial vehicles throughout Saudi Arabia.
... to continue reading you must be subscribed