FILE PHOTO: The Renault logo on a Renault Espace car at a dealership in Les Sorinieres near Nantes, France, November 24, 2015. REUTERS/Stephane Mahe/File Photo
PARIS (Reuters) - French carmaker Renault and U.S. hydrogen specialist Plug Power have joined forces to develop hydrogen-powered light commercial vehicles, they said on Tuesday.
The companies have signed a memorandum of understanding to launch a France-based 50-50 joint venture by the end of the first half of 2021, targeting more than 30% share of the fuel cell-powered light commercial vehicle market in Europe, their joint statement said.
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