Intelligent Energy extends Asian partnership
Intelligent Energy has extended a joint development programme with an Asian original equipment manufacturer (OEM) for the automotive industry. The project is expected to last for approximately two-and-a-half years and will be worth £6.5m. 

Fuel cell technology company Intelligent Energy has extended its joint development program with one of its existing Asian automotive OEM customers. The new contract is worth around £6.5 million (US$10 million) and is expected to last for approximately two and a half years.

The new joint development program marks another step in IE’s long-standing links with the Asian automotive market where fuel cell electric vehicle commercialization has started with the arrival of consumer products on the market. It will see further alignment of Intelligent Energy’s differentiated fuel cell engine technology to the customer’s product roadmaps.

IE currently works with nearly 25% of the largest global car OEMs (who each make more than 1,000,000 cars a year) allowing those OEMs to leverage IE’s technology and intellectual property portfolio.