There’s no future for HYVIA – The Renault-Plug Power JV was wound up – Sustainable Truck & Van

There’s no future for HYVIA – The Renault-Plug Power JV was wound up – Sustainable Truck & Van

HYVIA announced its legal liquidation following

As stated by The company. A few days ago, Luca de Meo, Renault CEO, during an audition at the French Parliament said that there’s no market for hydrogen currently,

The absence of a credible takeover offer as part of the search process for candidate buyers carried out by the judicial administrator,

With a press note released some days ago, the French-American joint venture HYVIA was officially wound up. In fact, HYVIA announced its legal liquidation following

As stated by The company,

The absence of a credible takeover offer as part of the search process for candidate buyers carried out by the judicial administrator,

“The difficulties encountered by HYVIA essentially result from the too slow emergence of hydrogen mobility ecosystems in Europe and the very significant development costs required for hydrogen innovation”,

Indeed, a few days ago, Luca de Meo, Renault CEO, during an audition at the French Parliament said that there’s no market for hydrogen currently.

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There’s no future for HYVIA – The Renault-Plug Power JV was wound up – Sustainable Truck & Van, source

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