- First Hydrogen (TSXV:FHYD), a top hydrogen stock, will showcase its hydrogen-fuel-cell electric vehicle (FCEV) for industry-leading E.U. and U.K. companies on Tuesday
- The FCEV has achieved a range of more than 630 kilometres (400 miles)
- First Hydrogen is focused on zero-emission vehicles and green hydrogen production and distribution
- First Hydrogen stock (TSXV:FHYD) has added 413.33 per cent over the past five years, more than 17 times the return of the S&P/TSX Composite Index for the period
First Hydrogen (TSXV:FHYD), a top hydrogen stock, will showcase its hydrogen-fuel-cell electric vehicle (FCEV) for industry-leading E.U. and U.K. companies on Tuesday.
The test drive will take place at the proving ground at Horiba Mira, U.K., a global provider of automotive engineering, research and test services with a 75-year track record.
Attendees will include some of the largest E.U. and U.K. companies active in the parcel delivery, supermarket, healthcare, leasing, utilities and mining industries.
The day will also include technical presentations and a vehicle walkaround focused on under-the-hood technology.
First Hydrogen’s vehicle has covered a range of more than 630 kilometres (400 miles), well ahead of the range of equivalent battery electric vehicles, and more than triple the 193 km (120 miles) Worldwide Harmonised Light Vehicle Test Procedure minimum range required to reach the U.N. zero-emission vehicles mandate.
To date, the FCEV has excelled in road trials with fleet management company Rivus and energy company SSE, and is currently in use by major parcel delivery companies.
According to projections from Fortune Business Insights, the global electric vehicle market reached US$384.65 billion in 2022 and will grow from US$500.48 billion in 2023 to US$1,579.10 billion by 2030.
“Our FCEV is noted for ease of driving and efficient powertrain technology, which allows our FCEV the ability to carry large payloads without compromising on the range in any weather conditions,” Balraj Mann, CEO First Hydrogen, said in a statement. “With the U.K. government’s recent recognition of hydrogen-fuel-cell electric vehicles within its definition of zero-emission vehicle, sales of hydrogen-fuel-cell vehicles will be included in production targets for zero-emission vehicles. This will trigger U.K. investment in the hydrogen vehicle sector and more specifically, the company’s FCEV.”
First Hydrogen is a Vancouver- and London, U.K.-based company focused on zero-emission vehicles, as well as green hydrogen production and distribution. The company designed and built its hydrogen FCEV in partnership with AVL Powertrain and Ballard Power Systems.
First Hydrogen stock (TSXV:FHYD) last traded at C$1.54 per share. The stock has added 413.33 per cent over the past five years, more than 17 times the return of the S&P/TSX Composite Index for the period.
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