Chinese automakers will jointly develop hydrogen carsJune 5, 2020
Six companies that share a common vision of the widespread use of electric fuel cell vehicles (FCEVs) in China today signed an agreement to establish a joint venture for research and development within the framework of the Fuel Cell System R&D (FCRD).
The main activity of the new company will be the development of fuel cells for commercial vehicles that promote the development of environmentally friendly transport in China. Each company, including Toyota Motor Corporation and Beijing SinoHytec Co., Ltd., will invest in a joint venture. Plans include the establishment of FCRD in Beijing during 2020.
Six companies are participating in the joint venture: China FAW Corporation Limited (“FAW”), Dongfeng Motor Corporation (“DFM”), Guangzhou Automobile Group Co., Ltd. (“GAC GROUP”), Beijing Automotive Group Co., Ltd. (“BAIC GROUP”), Beijing SinoHytec Co., Ltd. (“SinoHytec”) and Toyota Motor Corporation (“Toyota”).
According to the Technology Roadmap for energy-efficient vehicles and new energy vehicles announced by China in 2016, the FCEV market, primarily for commercial vehicles, is growing at a pace that has not been found anywhere else in the world. Due to major changes, these six companies, which share the common vision of FCEV, decided to create a joint venture for research and development.
Thanks to joint efforts, the lead time from development to commercialization will be significantly reduced, which will dramatically increase the pace of FCEV distribution in the Chinese commercial vehicle market. Together, the companies’ specialists will solve the problems of developing low-cost competitive fuel cell systems and their key components, planning to increase drive performance, fuel efficiency and durability, which will be important for the widespread use of FCEV.
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