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Saudi NEOM reveals plans to build assembly plant for hydrogen-powered vehicles

NEOM reveals plans to build assembly plant for hydrogen-powered vehicles

DUBAI: The company behind Saudi Arabia’s $500 billion NEOM megacity project on Thursday revealed plans to develop an assembly plant to build up to 10,000 hydrogen fuel cell-powered commercial vehicles a year. The initiative is part of an agreement between US-based Hyzon Motors, an expert in the supply of zero-emission hydrogen fuel cell-powered commercial vehicles, and Saudi conglomerate Modern Industrial Investment Holding Group. The trio will work together over the next 18 months to finalize plans and specifications for the new facility. As part of the linkup, the partners plan to set up a new joint venture company – Hyzon Motors Middle East (ME) – which will focus on completing the project and distributing the Hyzon-branded zero-emission commercial vehicles throughout Saudi Arabia and the wider region.

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