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Jan. 27, 2021, 9:16 a.m. EST

GM, Navistar team up on hydrogen truck transportation system

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By Tomi Kilgore

General Motors Co. /zigman2/quotes/205226835/composite GM -4.35% announced Wednesday a collaboration with Navistar International Corp. /zigman2/quotes/202415816/composite NAV -0.09% subsidiary OneH2 to launch a hydrogen truck transportation system. The customer implementation of the zero-emission long-haul system will initially be piloted by J.B. Hunt Transport Services Inc. /zigman2/quotes/205536609/composite JBHT -0.12% subsidiary J.B. Hunt Transport Inc. GM will supply hydrotec fuel cell power cubes as part of the collaboration, and OneH2 will provide scalable hydrogen and fueling. "Hydrogen fuel cells offer great promise for heavy duty trucks in applications requiring a higher density of energy, fast refueling and additional range," said Navistar Chief Executive Persio Lisboa. "We are excited to provide customers with added flexibility through a new hydrogen truck ecosystem that combines our vehicles with the hydrogen fuel cell technology of General Motors and the modular, mobile and scalable hydrogen production and fueling capabilities of OneH2." Navistar plans to make its first production model fuel cell electric vehicle commercially available in 2024. GM shares fell 2.7% in premarket trading while Navistar's stock edged up 0.2%, as futures /zigman2/quotes/209948968/delayed ES00 -2.61% for the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.45% dropped 1.0%.

/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 50.60
-2.30 -4.35%
Volume: 20.56M
Feb. 25, 2021 4:00p
P/E Ratio
11.71
Dividend Yield
0.00%
Market Cap
$76.22 billion
Rev. per Employee
$790,226
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/zigman2/quotes/202415816/composite
US : U.S.: NYSE
$ 44.12
-0.04 -0.09%
Volume: 1.26M
Feb. 25, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.40 billion
Rev. per Employee
$620,083
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/zigman2/quotes/205536609/composite
US : U.S.: Nasdaq
$ 146.48
-0.18 -0.12%
Volume: 429,408
Feb. 25, 2021 4:00p
P/E Ratio
30.90
Dividend Yield
0.76%
Market Cap
$15.50 billion
Rev. per Employee
$317,944
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 3,820.25
-102.35 -2.61%
Volume: 2.82M
Feb. 25, 2021 3:58p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,829.34
-96.09 -2.45%
Volume: 2.90B
Feb. 25, 2021 4:20p
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