Six Companies Establish R&D Joint Venture for Commercial Vehicle Fuel Cell Systems for the Creation of a Hydrogen-based Society in China | Corporate | Global Newsroom

Comments from the head of each company

Vice President of FAW, Wang Guoqiang, stated, “FAW seeks to advance fuel cell technologies and collaborate with partners that share its vision to create win-win relationships with all stakeholders in accordance with the principle of making maximum efforts to preserve the global environment. By combining our respective strengths and sharing resources, we eagerly hope to build the fuel cell development infrastructure that can leverage our respective areas of superiority, while contributing together to the development of an environmentally-friendly motorized society.”

Vice President of DFM, You Zheng, said, “The development of FCEVs is about to enter a new era. We believe that the keys to successful development and widespread use of FCEVs are a shared understanding of principles by numerous people and collaboration to overcome the many challenges that will be faced until the hydrogen energy industry reaches maturity. The establishment of a new joint venture company by DFM, FAW, BAIC GROUP, GAC GROUP, SinoHytec, and Toyota, our dedication to researching and developing fuel cell systems for commercial vehicles, and the creation of infrastructure for the development of the hydrogen industry is a new endeavor unprecedented in the history of the automobile industry. DFM has adopted a more open, more comprehensive, and more feasible vision to search with its partners for a new path to the development of environmentally-friendly and low-carbon eco-vehicles. This may be a long and difficult road, but based on the belief that additional efforts by the entire industry is critical for achieving the hydrogen-based society that we seek, the new company will tackle the challenges and aim to open up new prospects.”

President of GAC GROUP, Feng Xingya, commented, “GAC GROUP is greatly honored to have this opportunity to establish a new joint venture company with our partners and work for the widespread adoption of FCEVs in China. I am confident that by developing the various technologies that will be needed in the Chinese market, the new company will develop competitive fuel cell systems in a timely manner, thereby accelerating the adoption of FCEVs in China’s commercial vehicle market, promoting the development of the FCEV industry in China. This, in turn, will contribute to the realization of an even better mobility society. GAC GROUP seeks to promote the development of the fuel cell industry in China with its partners by focusing its efforts in the new-energy vehicle field with the aim of supporting the development of society through ongoing and varied innovation initiatives.”

General Manager of BAIC GROUP, Zhang Xiyong, said, “China is one of the fastest-developing countries in terms of FCEVs, and as we are about to enter the advancement phase for fuel cell technologies, use in commercial fields is starting in some regions. As an active participant in new energy innovation, BAIC GROUP is working with partners that have a global strategic vision, to investigate the issues that the Chinese automobile industry is facing and enhance collaboration in the fuel cell technology innovation and R&D fields. The new company aims to be an open and cooperative research and development platform, and believes in being able to combine the strengths of each company: Toyota with its advanced fuel cell technology, SinoHytec with great potential in the system-integrating field, and each complete vehicle manufacturer’s extensive knowledge in the manufacturing and Chinese automobile market field. We are confident in realizing a hydrogen-based society in the near future and contributing to a clean energy revolution in China and even globally, through shared resources and continuous efforts towards technological innovation by the respective companies.”

Chairman of SinoHytec, Zhang Guoqiang, commented, “There is already a shared global understanding that the hydrogen industry is an important means of promoting energy saving and CO2 reductions and shifting to alternative energy sources. In the automobile industry, fuel cell systems are believed to be a key solution in achieving zero-emission vehicles and will play a central role in market competition. China has an abundance of energy resources that can be converted to hydrogen and the market is large. Therefore, expectations are growing for the development of the hydrogen industry in conjunction with the formulation of related policies. I believe that the new company will lead to the development of an open, cooperative, and sharing hydrogen energy industry, the advancement of hydrogen use and industry, and the formation of infrastructure for a hydrogen-based society in China.”

Operating Officer of Toyota, Shigeki Terashi, said, “FCRD is a company that holds tremendous significance for Toyota’s global FC strategies. There is no other automobile market with such a sense of speed, and I am extremely confident that we will gain partners we can work with toward the shared target of expanding the use of FCEVs in China. As I regularly state, it is important to find partners to promote the electrification of cars, and by working with companies that have considerable influence in China’s commercial vehicle market as well as SinoHytec, which has reliable technological capabilities, I believe that we will be able to establish the foundations for the widespread use of FCEVs in China. Toyota is committed to deepening its undertakings for the development of the FCEV industry in China through open collaborative relationships with its partners.”

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