The hottest Weichai Power strategic layout fuel ce

Weichai Power strategic layout fuel cell air compressor business

Weichai Power Co., Ltd. ("Weichai Power", stock code: 2338hk; 000 according to the plan 338sz) announced a strategic cooperation with Swiss Fischer spin group Ltd ("Swiss Feifei group"), which will greatly reduce China's dependence on rare metal resources, invest in its fuel cell air compressor business and set up a joint venture in China, Together, Weichai Power Co., Ltd. ("Weichai Power", stock code: 2338hk; 000338sz) announced a strategic cooperation with Swiss Fischer spin Group Ltd. ("Swiss Feifei group"), invested in its fuel cell air compressor business and established a joint venture in China to jointly build itself into a world leading fuel cell air compressor provider. Through this strategic cooperation, Weichai Power will further extend the layout of the fuel cell industry chain vertically and improve the core competitiveness of the fuel cell powertrain. Prior to this, Weichai Power has strategically invested in Ballard, the global leader of hydrogen fuel cells, and Siris, the global leader of solid oxide fuel cells, both of which are the largest shareholders. The strategic layout of fuel cell air compressor technology has made Weichai Power another solid step towards the goal of "new energy business leading the development of the global industry"

fuel cell air compressor is known as the "lung" of fuel cell power system. Its performance will directly affect the operation index of fuel cell power system, and it is also one of the core components with the highest cost. At present, it is a short board for the development of hydrogen fuel cell engine in China. Swiss Feifei group, which is mainly engaged in high-speed and high-precision shaft and fuel cell air compressor business, is an international first-class fuel cell air compressor company. Its products are leading in the industry in key indicators such as power density, isentropic efficiency and reliability

through this joint venture and cooperation, the two sides will give full play to the supply chain and industrial resource advantages of Weichai Power, new energy powertrain, complete vehicle and other complete machines, as well as the R & D advantages of Swiss Feifei group in the field of high-speed and high-precision rotating systems, strengthen the product development and market development of centrifugal fuel cell air compressors, and will lay out an investment plan of engineering and mass production in Shandong to provide global customers with high performance, high quality High cost performance fuel cell air compressor product solutions

Mr. Tan Xuguang, chairman and CEO of Weichai Power, said, "As an enterprise with a history of nearly 100 years, Swiss Feifei group has been widely recognized in the industry for its high quality and high performance of fuel cell air compressor products. The two sides work together to build a long-term strategic partnership through joint venture cooperation, which is conducive to the in-depth coordination of industrial resources between the two sides. I very much look forward to winning a win-win situation with Feifei group in the global fuel cell air compressor product market in the future. I believe that with Weichai Power's currently the world's leading hydrogen fuel power." Pool engine technology, which will quickly promote the investment of fuel cell air compressors in Shandong, will provide important technical support for the development of hydrogen fuel cell engines in China, and will also have an important impact on the conversion of old and new kinetic energy in Shandong Province. "

Tobias Moser, the shareholder and CEO of Swiss Feifei group, said, "Fuel cells will play an important role in the global zero emission plan for transportation and power generation. Weichai Power, as the leader of the commercial vehicle industry, and Swiss Feifei group, as the leader of fuel cell air compressor products, both sides focus on Switzerland and China. With the same goals and mutual trust, they will become long-term strong strategic partners and work together to become a global technology leading supplier of fuel cell air compressor products."

Weichai Power is committed to leading the development of the global industry in the new energy business in 2030. At present, it has fully completed the core technology layout of hydrogen fuel cells and solid oxide fuel cells in the field of new energy power assemblies, and its key technical indicators are world leaders in the field of commercial vehicles and energy and power. Recently, Weichai Power disclosed a non-public offering plan, which plans to raise 2billion yuan to accelerate the improvement of R & D and manufacturing capacity of the fuel cell industry chain. Focus on the technical route of "three vertical and three horizontal" of new energy vehicles, and establish differentiated technical advantages; Focusing on the goals of "carbon peaking" in 2030 and "carbon neutralization" in 2060, build a world leading fuel cell industry chain base, and lead the development of the global new energy industry that forms a loop for intrinsically safe negative grounding. (Jing Xiaocui)