Cummins Engine heavily seton the fuel cel

Cummins Engine is highly committed to the H2 industry – also in the commercial vehicle sector, starting with trucks and going all the way to ships. The company is also expanding its own electrolysis technologies. A project with Sinopec consists of an electrolysis capacity of 1 GW – 1,000 H2 fueling stations for the Greater Peking Area. Cummins Engine is vehemently driving its transformation from a diesel engine producer to a fuel cell company and in doing so majorly implementing and scaling the special knowhow of the purchased/integrated Canadian company Hydrogenics.

The Chinese parallel is Weichai Power, which maintains a joint venture with Canadian Ballard Power and holds a 15 percent stake in it. Both first-tier diesel engine manufacturers are maturing into top fuel cell companies and treat hydrogen as the fuel of the future – especially for commercial vehicles.

HOC

Warning
Each investor must always be aware of their own risk when investing in shares and should consider a sensible risk diversification. The FC companies and shares mentioned here are small and mid cap, i.e. they are not standard stocks and their volatility is also much higher. This report is not meant to be viewed as purchase recommendations, and the author holds no liability for your actions. All information is based on publicly available sources and, as far as assessment is concerned, represents exclusively the personal opinion of the author, who focuses on medium- and long-term valuation and not on short-term profit. The author may be in possession of the shares presented here.

Author: Sven Jösting, written March 15th, 2022

1 thought on “Cummins Engine heavily seton the fuel cel”

  1. Cummins enjoys the benefits of working with the Chinese Communist Party. Is the Board and senior management completely asleep ? Or just too much interested in the Chinese yuan ?

    Reply

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