Jichong Hydrogen Energy Hainan Project Signed

On April 14, the "Invest in China·2025 Hainan Free Trade Port Global Industry Investment Promotion Conference," jointly hosted by the Ministry of Commerce and the People's Government of Hainan Province, grandly opened in Haikou. Themed "Invest in Hainan, Connect with the World," the conference attracted over 1,000 enterprises, including Fortune 500 and China 500 companies, and more than 3,000 guests. A total of 265 projects were signed, with a total contract value of approximately 233.6 billion yuan. At the conference, Shanghai Jichong Hydrogen Energy Technology Co., Ltd. (referred to as "Jichong Hydrogen Energy") signed the "Jichong Hydrogen Energy Industry Project Investment Agreement" with the People's Government of Danzhou City. Leveraging Danzhou Yangpu's abundant offshore wind power, onshore PV resources, and application scenarios, the project will collaborate with upstream and downstream industry chain enterprises to jointly build an entire industry chain ecosystem of "green electricity to green hydrogen - storage and transportation - application," helping Hainan build a zero-carbon energy demonstration island. That evening, the "Danzhou Night" investment promotion dinner was held in Haikou, inviting representatives of signed projects from the 5th China International Consumer Products Expo and the 2025 Hainan Free Trade Port Global Industry Investment Promotion Conference, as well as key enterprise representatives, to gather together, share the development opportunities of the Hainan Free Trade Port's "showcase," discuss cooperation, draw blueprints, and open new chapters. Hou Maofeng, Vice Chairman of the Hainan Provincial Committee of the Chinese People's Political Consultative Conference and Chairman of the Hainan Provincial Committee of the China Zhi Gong Party, and Chen Yang, Mayor of the People's Government of Danzhou City and Director of the Yangpu Management Committee, attended and delivered speeches. In the current international environment where U.S.-China tariff rates have reached historically high levels, the Hainan Free Trade Port, with its unique policy system and strategic positioning, has formed a dual guarantee for import and export enterprises through its "zero tariff" and "30% value-added processing tariff exemption" policies, avoiding tariff risks, enhancing international competitiveness, and becoming a "safe haven" to buffer the impact of U.S.-China tariffs. Jichong Hydrogen Energy was established in December 2018 as a high-tech enterprise focusing on the R&D and industrialization of hydrogen fuel cells with independent intellectual property rights. It is committed to making hydrogen fuel cells economically viable without subsidies earlier by establishing a cost leadership advantage across the industry, thereby promoting the industrialization process of hydrogen fuel cells. Based on a threefold increase in production and sales in 2022 and 2023, the company achieved a 65% growth rate in 2024, ranking first in the industry, with metal plate stack sales ranking in the top three in the industry! From the banks of the Huangpu River to the shores of the South China Sea, Jichong Hydrogen Energy will join hands with global partners, using technology as the pen and industry as the ink, to write a new chapter in green energy at the Hainan Free Trade Port!