Six companies, including Toyota, FAW and BAIC, have registered and established joint fuel cell companies.

Published: Aug 21, 2020 15:10

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SMM News: learned from the heavenly eye that United fuel Cell system Research and Development (Beijing) Co., Ltd. was registered on August 20, with a registered capital of 1.673 billion yen.

United fuel Cell system Research and Development (Beijing) Co., Ltd. established business scope is the technical development of fuel cell system for commercial fuel cell vehicles using Toyota single cell; technical consultation, technical services, technology transfer; import and export of goods, technology import and export. (market entities independently choose business projects and carry out business activities in accordance with the law; projects that must be approved according to law shall carry out business activities in accordance with the approved contents after approval by relevant departments; business activities of projects prohibited or restricted by the industrial policy of the state and this city shall not be engaged in. )

According to Tianyan check information, the company's largest shareholder is Toyota Motor Company, with a subscription amount of 1.08745 billion yen, with a shareholding ratio of 65%, and the second largest shareholder is Beijing Yihuatong Science and Technology Co., Ltd., with a subscription amount of 250.95 million yen and a shareholding ratio of 15%. Beijing Automobile Group Co., Ltd., China first Automobile Co., Ltd., Guangzhou Automobile Group Co., Ltd., and Dongfeng Automobile Group Co., Ltd. all subscribed 83.65 million yen, with a shareholding ratio of 5%.

In fact, on June 5 this year, six companies, including BAIC, FAW, Dongfeng Motor, GAC GROUP, Beijing Yihuatong and Toyota Motor, signed joint venture contracts in Beijing to jointly fund the establishment of Joint fuel Cell system Research and Development (Beijing) Co., Ltd., with a total investment of 5.019 billion yen.

Zhang Xiyong, deputy secretary of the party committee and general manager of BAIC, once said that as a strong participant in new energy reform, BAIC is willing to communicate and explore the challenges and opportunities faced by Chinese cars with global partners with strategic vision, based on hydrogen technology breakthroughs, and strengthen innovative cooperation in the field of research and development. The newly established joint fuel cell system research and development company is such a high-quality platform for open cooperation. The new company integrates Toyota's top hydrogen fuel cell technology, Yihuatong's strong strength in system integration, and the manufacturing and market advantages of domestic automobile groups. It is believed that all parties will fully integrate resources and actively explore effective ways of technological innovation to jointly promote the green energy revolution that China and even the world is experiencing, so that hydrogen energy can enter the daily life of thousands of households in the near future.

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Toyota BAIC fuel cells

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