Suzuki Motor Corp has recently formed a joint venture with UK-headquartered Intelligent Energy, in order to produce fuel cell systems.
The Japanese company has full access to the clean energy developer’s fuel cell technology, for its next generation of fuel cell vehicles.
Suzuki’s vice president and representative director, Osamu Honda, will be president over the 50-50 venture, the SMILE FC System Corporation.
“The joint venture will accelerate the number of our systems for mass manufacturing and it allows Suzuki to avoid the higher costs of in-house development,” declared Henri Winand, chief executive of Intelligent Energy.
The fuel cells area is not a new territory for Suzuki since the company used them in the Boeing’s first manned fuel-cell aircraft and the zero-emission Suzuki Bergman scooter.
The demand for fuel cells is in a continuous growth with turnover of $20 million in 2011 and supply deals with five car manufacturers.
Although stricter rules concerning the emissions are helping the development of technology, the sales market still remains quite low due to the challenging costs. BP and Exxon declared that electric cars will make up only 4-5 percent of all cars globally in 20 to 30 years.