USA: Enova Systems to Develop Power Management and Drive Systems for Fuel Cell Powered SUV
Enova Systems (Symbol:ECAR) has been selected by Hyundai Motor Company ("HMC" ) to develop and supply the drive train and power management systems for their new high performance fuel cell Sport Utility Vehicle ("SUV"). According to a Hyundai announcement on May 24, 2000, HMC has signed an agreement with International Fuel Cells ("IFC"), a subsidiary of United Technologies Corp. (NYSE:UTX), to supply the fuel cell power plant for this innovative SUV demonstrator program.
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