Market News
Recent Developments
New product launches
- In 2023, Otokar launched KENT hydrogen fuel cell e bus at Busworld Europe 2023. Kent hydrogen provides a range of over 500 km and efficient operational hours with its high hydrogen storage capacity, low hydrogen consumption, and high technology reliable systems.
- In 2023, Tata Motors launched their Tata Starbus Fuel Cell EV to Indian Oil Corporation Ltd. (IOCL), the leading petroleum company. It is India's first hydrogen fuel bus with a range of 250 to 300km.
- In 2022, Turkish bus manufacture Karsan launched Karsan e-ATA hydrogen fuel cell bus. It has a range of over 500 km and can be refueled in just 15 minutes.
- In 2022, South Korean automaker Hyundai launched Hyundai XCIENT Fuel Cell City Bus. It has a range of up to 400 km and can be refueled in just 10 minutes.
Acquisition and partnerships
- In 2022, BMW announced partnership with Toyota to produce hydrogen fuel cell vehicles starting mid-decade and the two will begin producing and selling hydrogen fuel cell vehicles developed jointly as early as 2025.
- In 2021, Toyota announced a partnership with Hino Motors to develop and produce hydrogen fuel cell buses. This partnership is expected to accelerate the development and commercialization of hydrogen buses in Japan.
- In 2020, Ballard Power Systems acquired Proton Motor Fuel Cell, a Germany based manufacturer of hydrogen fuel cell buses. This acquisition gave Ballard Power Systems a foothold in the European hydrogen bus market.