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With a share of 50.1 per cent, Daimler AG has become the majority stake holder in Automotive Fuel Cell Co-operation, a company founded in November for fuel cell applications in the automotive sector.
Nicholas Speeks, president and CEO of DaimlerChrysler Middle East, said: "Daimler has identified future fields of activity and key technologies for zero-emission mobility, and invested specifically in expanding its competencies in these fields. This majority stake in Automotive Fuel Cell Co-operation is the next consequent step in this direction."
With the newly-founded company, Daimler's globally leading position in automotive fuel cell applications is to be further expanded together with Ford Motor and Ballard Power Systems.
A pioneer in fuel cell technology, Daimler introduced the world's first fuel cell vehicle as early as 1994. Today, the company owns the world's largest fuel cell fleet of all automakers - with over 100 vehicles.
