(CercleFinance.com) – Gaussin is strengthening its business in North America by signing an exclusive 20-year agreement with Charbone Hydrogen for the local assembly and marketing of zero-emission APM and ATM vehicles in Canada.
The contract includes an initial entry fee of 10 million euros including all costs, including development costs already accounted for, royalties of 5% for future developments and exclusivity covering Canada.
In addition to this license, the two companies have decided to create a joint venture in order to ensure the long-term success of the partnership and to accelerate the deployment of smart and emission-free Gaussin vehicles in Canada.