Faurecia inaugurates new hydrogen business entity in Shanghai

Shanghai (Gasgoo)- FORVIA, the world's 7th-largest automotive technology supplier that operate both Faurecia and HELLA, held the opening ceremony for Faurecia (Shanghai) Hydrogen Solutions Holding Co., Ltd. in the Jiading District of Shanghai on February 3.

With the establishment of this new entity, Faurecia aims to further expand its hydrogen energy business in China, driving R&D as well as production of cutting-edge hydrogen storage system products. The company also seeks to strengthen collaboration with domestic hydrogen energy industry partners across the entire value chain.

As the world faces increasingly severe global climate issues, FORVIA Group has set a goal to achieve net-zero emissions across all scopes by 2045. Based on the maxim to "use less, use better, and use longer", the group's carbon-neutral strategy spans operational aspects, product development, and carbon offsetting throughout the industrial value chain. As China intensifies its investments and support for renewable energy, Faurecia is reinforcing its commitment to hydrogen energy business development in the Chinese market, aligning its advanced hydrogen storage solutions with market demands to contribute to emissions-free transportation.

Shanghai, as a trailblazer in hydrogen energy industry development in China, actively promotes the continuous growth of fuel cell vehicles, aiming to become a world-class hub for hydrogen energy technology innovation, industrial development, and diverse demonstration applications by 2035.

Capitalizing on favorable policy environments and the robust business foundation established by Faurecia in Shanghai and Jiading District, the group has decided to set up Faurecia (Shanghai) Hydrogen Solutions Holding Co., Ltd. This new entity, with approximately 35 employees, has established a hydrogen system assembly line with an annual output of 1,000 sets, continuously providing the market with high-performance and cost-effective hydrogen energy products.

FORVIA said it has invested over 400 million euros in the R&D of hydrogen energy technologies since 2018. Through its joint venture, Symbio, with Stellantis and Michelin, the group has developed and manufactured hydrogen storage systems and fuel cells, covering 75% of the hydrogen energy transportation value chain.

Faurecia is actively strategizing in the hydrogen energy industry, aiming to develop hydrogen storage solutions tailored for various applications, including passenger vehicles, commercial vehicles, logistics, and industrial settings, over the next decade.

Faurecia, strategically aligning with China's goals, initiated its hydrogen energy business in the country by acquiring Faurecia Silinda Safety Technology (Shenyang) Co., Ltd. in 2021. In China, Faurecia Silinda has already delivered over 15,000 automotive Type III hydrogen gas cylinders and secured China's first production qualification and product type certification for Type IV hydrogen cylinders.

Furthermore, Faurecia continues to increase its investments in hydrogen energy business in China, establishing R&D centers in Shanghai and Shenyang cities, and holding controlling stakes in two hydrogen cylinder production bases.