Swatch turning a hand to cars?
26 March 2012, 13:30
One of the world's biggest watch companies, Swatch, wants to build a car that runs on hydrogen and oxygen.
chief executive and chairman, Nick Hayek, said in an interview with NZZ
am Sonntag: "We already have a test car with a fuel cell. Liquid
hydrogen and oxygen are used as fuel, producing very efficient
The management board of Belenos, the Swatch subsidiary building the vehicle, has already driven the prototype.
Hayek, son of Swatch's founder, admitted: "What we don't know is whether it would be cost-efficient to build."
“Liquid hydrogen and oxygen are used as fuel, producing very efficient combustion,” he said.
Hayek confirmed that the project was being overseen by subsidiary clean-energy company Belenos.
has reportedly been working on the vehicle with Swatch since 2008, and a
concept version, known as a the ELV2, has already been revealed. The
ELV2 is powered by a 40kW electric motor mated to a lithium-ion battery
pack and charged by a hydrogen fuel cell.
The fuel-cell vehicle
is not Swatch's first attempt at building a green car. In 1997 it teamed
up with Daimler-Benz to build the two-seater Smart but the watch firm
later sold its shares to Daimler-Benz.
- Sapa - AFP