H2X Global and Advik announce joint venture

The vehicles and components have been designed and developed by the H2X Global design team, and production is scheduled to start immediately to cater for the rapidly growing demand for hydrogen powered equipment and vehicles in India.

H2X Global is driven by a team with over 20 years’ experience in Europe and Asia in the development of fuel cell and hydrogen vehicles and power systems, and the company is currently developing several customer delivery programmes for fixed power generation and vehicles in Europe, Australia and South East Asia.

Advik is a global leader of automotive components with over US$100 million in annual revenues. The company has a leading position in passenger car, commercial vehicle and two-wheeler production chain as a core supplier of high technology components to almost all major original equipment manufacturers (OEMs). Advik is a leader in high technology low weight application and together with H2X Global will take a leading position in development and production of solutions for hydrogen power and hydrogen mobility in India.

H2X Global and Advik have signed an agreement establishing a JV company on a 49%/51% basis for India. The JV company will begin production of H2X Global’s series of powered generators. The company currently has two of these units ready for deployment in Australia. The first generators manufactured by the JV will be put into service with a large-scale power system providing emission free power for Advik’s state of the art Research and Development Centre located in Pune, India.

Over the past year, the two companies have been working together to explore opportunities for hydrogen in the Indian market, and as the dawn of the green hydrogen revolution comes upon the country the JV is launched to position H2X Global and Advik as key players within that.

Advik will become a major supplier of products and components to H2X Global on a global level, using the significant power of the company as a leading supplier in the automotive industry. Advik will also be launching distribution activity for products from H2X through the JV, capitalising on the local knowledge and network of the company.

The first products from the JV will be delivered to the market within the coming few months, with the power system in Pune being the highlight of the launch of the venture. In showing this, the venture will stake its claim as one of the leaders in the upcoming hydrogen revolution.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/31012022/h2x-global-and-advik-announce-joint-venture/