PowerCell to open sales office in China

PowerCell has decided to open a sales office in China to better meet the strong increase in fuel cell technology in the Chinese market.

The English version is an in house-translation. In case of any discrepancy, the Swedish text will prevail.

PowerCell has already sales offices in Japan, South Korea and South Africa and a German subsidiary. PowerCell has initiated the process to find suitable location and recruit personnel for its sales office in China.

China is a highly interesting market for PowerCell both due to its size and the Chinese Government’s measures to support an increased use of fuel cells and hydrogen.

“China is a forerunner when it comes to fuel cells and hydrogen”, Per Wassén, CEO of PowerCell said. “The Chinese Government view fuel cells as a promising alternative to reduce the emissions of carbon dioxide and particles and we expect demand for the fuel cell technology to increase in China over the coming years.”

For further information, please contact:

Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 (0) 31 720 36 20
Email: per.wassen@powercell.se

About PowerCell Sweden AB (publ) 

PowerCell Sweden AB (publ) develops and produces fuel cell stacks and systems for stationary and mobile applications with a world class energy density. The fuel cells are powered by hydrogen, pure or reformed, and produce electricity and heat with no emissions other than water. As the stacks and systems are compact, modular and scalable, they are easily adjusted to any customer need.

PowerCell was founded in 2008 as an industrial spinout from the Volvo Group. The share (PCELL) is since 2014 subject to trade at Nasdaq First North Stockholm. G&W Fondkommission is Certified Adviser, e-mail: ca@gwkapital.se, phone: +46 8 503 000 50.