Latest news

24 May 2019

Sale of Shares in Powercell AB (publ)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Midroc New Technology, Fouriertransform and Finindus (the “Sellers”) have sold 5,000,000 shares on a pro rata basis in Powercell AB (publ) ("Powercell") through an accelerated bookbuilding to Swedish and…

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29 April 2019

PowerCell and Bosch sign joint development and licensing agreement regarding PowerCell S3

PowerCell and Robert Bosch GmbH have signed an agreement regarding the development, production and sale of the PowerCell S3 fuel cell stack for the automotive segment. The agreement includes a joint development of the S3 and a license whereby Bosch gets the exclusive right to produce and sell the new and improved version of PowerCell S3 for automotive applications such as cars, trucks and buses.  Bosch will pay PowerCell MEUR 50 (approx. MSEK…

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15 April 2019

PowerCell receives follow-on order for S2 stacks from Chinese vehicle integrator worth MSEK 3.8

PowerCell has received an order for PowerCell S2 stacks from China Fuel Cell Energy Company, CFC, for deliveries during the second quarter 2019. The stacks will be used by a bus manufacturer in Northern China for beta tests in a number of buses. In 2017 the vehicle integration company CFC received several PowerCell S2 fuel cell stacks as well as the fuel cell system PS-5 for alpha tests. The tests have been going well and CFC has now placed a follow-on…

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8 April 2019

PowerCell receives order for stack tests from leading German car manufacturer

PowerCell has received an order for tests of fuel cell stacks from a leading German car manufacturer. The order is worth 2 MSEK and the stack tests will be carried out during the second quarter 2019. The tests will be performed in the new fuel cell laboratory that PowerCell inaugurated last fall. The new laboratory is one of the world’s most powerful fuel cell laboratories and comprises two test beds, each with a testing capacity for fuel cells…

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4 April 2019

Nikola Motors does not plan to use PowerCell's fuel cell stacks in serial truck production

PowerCell has been informed that Nikola Motors does not plan to use PowerCell’s fuel cell stacks in their trucks once they start the serial production. The reason is that PowerCell could not accept Nikola’s terms for a continued cooperation. “The tests have been going well but since we viewed Nikola’s proposed business terms as totally unacceptable, and turned them down, Nikola has decided to discontinue our cooperation for…

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27 February 2019

PowerCell’s Annual Report for 2018 now published

PowerCell Sweden AB (publ) has published its Annual Report for 2019 on its website.   You can find the annual report on the company’s website using the following link www.powercell.se/en/investors/financial-reports/reports/ where you can choose to open and read it with your web browser or to download it as a pdf file. For further information, please contact: Mårten Wikforss Head of Corporate Communication and Investor Relations…

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