STOCKHOLM, March 4, 2019 /PRNewswire/ --
myFC will enter into a feasibility study for the company's
fuel cell-based range extender LAMINA REX together with Chinese
electric car manufacturer Hozon Auto.
Hozon Auto develops and manufactures electric cars exclusively
for the Chinese market, and holds one of the country's ten licenses
for manufacturing and selling electric cars. The feasibility study
will be conducted by staff from Hozon Auto and myFC. The objective
is a technical definition of a prototype introduction of LAMINA
REX, and then evaluate potential continued collaboration. myFC's
emissions-free fuel system is also included in the feasibility
study.
"China is definitely ahead of
the curve when it comes to the development of electric vehicles,
and there are prognoses that more than half of all electric
vehicles sold in 2019 will be sold in China. Its automotive industry is highly
advanced, and it is part of our strategy to cooperate with strong
partners. I'm very proud to now say that Hozon Auto is one," says
Björn Westerholm, CEO of myFC.
Hozon Auto has a clear partner strategy to bring in technology
and design from third parties. The company's headquarters are in
Shanghai, its R&D is located
in Shanghai and Jiaxing, design in
Beijing and Turin, technology and validation in
Stuttgart and finally, development
of smart, interconnected self-driving cars in Silicon Valley. The
vehicles are manufactured and distributed in Tongxiang. Hozon's
ambition is to become a market leader with high quality and smart,
connected
cars.
"We are impressed with myFC's technology and REX solution and
intrigued by how it could benefit Hozon Auto's development of
long-range low-cost electric vehicles. A tail-pipe emissions free
fuel is of course high on our agenda as well, so we look forward to
this cooperation," says Dr. Kevin
Zhao, Chief Engineer, Hozon Auto.
LAMINA REX is based on myFC's patented LAMINA technology.
Charged with myFC's green fuel, consisting of salts, water and
reaction components, it has the potential of doubling the range of
a medium-sized electric car.
The feasibility study is planned to be delivered during the
summer of 2019
This information is information that myFC is obliged to make
public pursuant to the EU Market Abuse Regulation. The information
was submitted for publication, through the agency of the contact
person set out below, at 07:50 CET on
4 March 2019.
For further information, please
contact:
myFC Press Office
Email: press@myfc.se
Phone: +46 (0) 738 09 33 83
Certified Advisor
Avanza Bank
Mail: corp@avanza.se
Phone: +46 (8) 409 421 20
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/myfc/r/myfc-and-hozon-auto-in-feasibility-study-for-lamina-rex,c2755413
The following files are available for download:
|
https://mb.cision.com/Main/9804/2755413/1001330.pdf
|
Download the press
release as pdf
|
View original
content:http://www.prnewswire.com/news-releases/myfc-and-hozon-auto-in-feasibility-study-for-lamina-rex-300805662.html
SOURCE myFC