Suzuki Motor Corporation 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.
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.
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.
Beginning with the air-cooled fuel cell system, which can be characterized with its lightness, compactness, and potential for cost reduction, Suzuki and IE, with SMILE FC at the core, will work on developing mass-production technology and manufacturing of fuel cells, as well as exploiting the global supply chain of fuel cell parts, and familiarizing the fuel cell vehicles.
*WVTA: In the European Union, a vehicle model without Whole Vehicle Type Approval must gain National Type Approval in each member state where it is to be sold. Whole Vehicle Type Approval enables the model to be sold in all member states.
|Company name:||SMILE FC System Corporation|
|Representative Director and CEO:||Osamu Honda, Representative Director and Executive Vice President, Suzuki Motor Corporation|
|Representative Director and Executive Vice President:||Masataka Yamakawa, Representative Director, I E Japan Ltd|
|Location:||(Headquarters) 300 Takatsuka-cho, Minami-ku, Hamamatsu City, Shizuoka Prefecture (within Suzuki headquarters)|
|(Business office) 2-1, Sakuranamiki, Tsuzuki-ku, Yokohama City, Kanagawa Prefecture (within Suzuki Yokohama Laboratory)|
|Capital:||750 million yen|
|Investment rate:||Suzuki Motor Corporation (50%)
Intelligent Energy Holdings PLC (50%)