German automotive sector supplier Bosch is to develop and produce fuel cells for cars and trucks on a large scale in collaboration with Sweden's Powercell with the intention of marketing the m worldwide, the company said on Monday.
Bosch said it aimed to develop so-called fuelcell "stacks," in which hydrogen is convertedin to electricity. The companies aim to put their system on the market by 2022 at the latest.
Bosch, which is based in the south-western German city of Stuttgart, predicts that the fuel cell market will grow rapidly and that by 2030 up to 20 per cent of all electric vehicles worldwide will be using the technology.
The best opportunities initially lie in utility vehicles. Costs will have to be cut before the technology isused in cars, Bosch believes.
Bosch is already working with Nikola Motors in the United States on developing trucks powered by fuelcells, and last year it launched a joint venture with Britain's Ceres Power to build small fuel-cellbased power stations using a different technology.
Bosch has withdrawn from earlier plans to make battery cells for electric cars on grounds of cost.
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