China may become a customer. They seem to have run headlong into the most severe pollution that we have seen with visible smog hanging in cities and people walking around with scarfs over their faces.
Maybe that's why they are stepping up and doing something about it.
Plug Power Forms Collaboration With Chinese Equipment & Auto Manufacturers On Electric Vehicles -- Shares Up 9%
MIDNIGHT TRADER 7:52 AM ET 11/17/16
Symbol Last Price Change
PLUG 1.48 0 (0%)
QUOTES AS OF 04:00:00 PM ET 11/16/2016
07:52 AM EST, 11/17/2016 (MT Newswires) -- Plug Power(PLUG) , a fuel cell systems manufacturer, is up 9% in pre-market trading after signing a cooperative memorandum of understanding with China's Zhangjiagang Furui Special Equipment and a Chinese industrial vehicle manufacturer to develop fuel cell applications and fueling stations for the industrial electric vehicle market in China.
Plug Power (PLUG) did not identify the automobile company but said it is one of the "big three" Chinese automakers.
The three companies will collaborate to build electric vehicles equipped with Plug Power(PLUG)-designed hybrid fuel cell engine systems and hydrogen fueling stations. Plug Power(PLUG) and its partners will form a fuel cell vehicle development project team to produce a large scale demonstration project.
Plug said near-term deliverables for the program include two industrial delivery truck prototypes, both using Plug Power's(PLUG) ProGen fuel cell engines, by March 2017. The program goal is to deploy 13,500 commercial fuel cell vehicles over three years with a widespread fueling station network, the company said.
Price: 1.61, Change: +0.13, Percent Change: +8.78
