H2X Global and Advik Hi-Tech form a joint venture in India
It is an excellent partnership and a key milestone in H2X development.
H2X Global has formed a joint venture with Indian automotive components manufacturer Advik Hi-Tech to manufacture hydrogen fuel cells, generators and vehicles.
The vehicles and components have been designed and developed by the H2X Global design team, with production to start immediately to cater for hydrogen-powered equipment and vehicles in India. The first products from the joint venture are expected to be delivered to the market within the coming few months
While H2X currently has a number of its fuel cell generators deployed in Australia, the first generators manufactured by the joint venture will be used in an extensive scale power system providing emission-free power for Advik’s state of the art research and development centre in Pune, India.
The cooperation between the companies would provide a strong manufacturing backbone to support its production activities in Australia and other parts of the world.
Brendan Norman, CEO at H2X, said, “We have long believed India is one of the great manufacturing powers of the world, and we have found a great player in the automotive industry in Advik.”
Aditya Bhartia, MD of Advik, added, “The opportunity for us to be able to launch a product to the Indian market at this early stage is reflective of the passion we have at Advik to lead our country and the world in terms of being active in new technological advancement.”
Pure Hydrogen is the largest shareholder in H2X. Pure Hydrogen has a preferred supplier agreement with H2X, so it is actively to follow H2X into India.