SAIC Motor subsidiary launches €64 million fuel cell project in Shanghai
March 26, 2020
Shanghai Hydrogen Propulsion Technology Co., Ltd. (SHPT), a subsidiary of SAIC Motor, has launched a new fuel cell project in Jiading District, Shanghai, which is expected to help SAIC Motor accelerate the industrialisation of fuel cell-related products, reports autonews.gasgoo.com.
As part of the project, the company plans to invest RMB 500 million (€64 million) in the construction of a new facility, Jiading Hydrogen Park, a fuel cell-focused base for R&D business administration, product test & verification, pilot scale production and the supply of hydrogen energy, according to a post on SHPT’s WeChat account. The first phase is reportedly scheduled to begin operation in August 2021, with an annual capacity of 12,000 sets of fuel cell stack and system. The project is anticipated to output value of RMB 1.2 billion (€155 million) by 2024.
SHPT was established in 2018 to accelerate the commercialisation and industrialisation of fuel cell related products for SAIC Motor. It provides fuel cell products and engineering services for vehicle manufacturers and is said to have completed the development of several types of fuel cell stacks and systems, with power levels ranging from 30 kW to 100 kW and above. It mainly serves SAIC-owned brands such as Roewe, Maxus, Sunwin, Hongyan and Naveco.
