Suzuki establishes a joint venture company for developing and manufacturing fuel cell system with IEH UK
Suzuki will establish a joint venture company, SMILE FC System Corporation (SMILE FC), for developing and manufacturing fuel cell system with Intelligent Energy Holdings PLC (IEH) of UK, a company which retains an affiliate company, Intelligent Energy Ltd. (IE) that develops the fuel cell system. Suzuki and IE have been developing fuel cell vehicles such as by exhibiting co-developed motorcycles equipped with air-cooled fuel cell system at the 2007, 2009 and 2011 Tokyo Motor Show, and earning Whole Vehicle Type Approval (WVTA) in March 2011 for Burgman Fuel Cell Scooter, the world’s first fuel cell vehicle to earn it.
The investment rates for SMILE FC will be 50% for both companies. The headquarters will be located within Suzuki headquarters in Hamamatsu City, Shizuoka Prefecture, and its research facility will be located at Suzuki’s Yokohama Laboratory. In order to officially develop and manufacture one of the next generation environmental vehicles, a motorcycle and an automobile equipped with fuel cell systems, Suzuki will establish a joint venture company, SMILE FC, in February 2012, for developing and manufacturing fuel cell system with IEH, and will speed-up to commercialize a product by combining the fuel cell development technology of IE, and control and mass-production technologies of Suzuki.