Under the nonbinding memorandum of understanding, GM will supply Ultium electric batteries and Hydrotec hydrogen fuel cell power cubes. Terms of the deal were not disclosed.
"Wabtec's decision to deploy GM's Ultium battery and Hydrotec hydrogen fuel cell systems further validates our advanced technology," GM President Mark Reuss said.
Ultium is a key part of GM’s strategy to roll out efficient and cost effective electric vehicles, and closing a deal with Wabtec would help spread development costs over a larger volume of batteries. GM is developing a hydrogen fuel-cell-powered commercial truck with truck maker Navistar (NAV.N).
GM's Ultium batteries will be built by the company's joint venture with South Korea battery maker LG Energy Solution (051910.KS), which is building plants in Ohio and Tennessee. The hydrogen fuel-cell systems will be assembled by GM's joint venture with Honda (7267.T) in Brownstown, Michigan.