Doosan Fuel Cell has signed a Memorandum of understanding with Ballard Power Systems and Doosan Corp’s fully owned North American subsidiary HyAxiom to develop hydrogen fuel cell powered vehicles. Initial efforts will focus on FCEBs for the South Korean market and will consider further collaboration on other mobility markets.Ballard is a Canadian company with industry leading PEM fuel cell technology. Doosan Fuel Cell and HyAxiom’s hydrogen fuel cell vehicle offerings will integrate Ballard’s core PEM technology in its powertrain. This agreement brings together global leading companies to collaborate on a turn-key solution for mobility customers including the development, manufacturing and sale of PEM hydrogen fuel cells vehicles.Doosan Fuel Cell and HyAxiom’s hydrogen bus business will launch in 2023 with initial market focus in South Korea. FCEBs developed by HyAxiom are anticipated to be released in 2024.