Sinopec Capital Makes Strategic Investment of 300 Million Yuan in Faurecia Hydrogen Energy to Jointly Develop a New Ecosystem for the Hydrogen Energy Industry

On January 8, 2026, the Faurecia Group announced that Sinopec Capital, through its hydrogen energy fund, invested 300 million yuan (approximately 40 million euros) in Faurecia (Shanghai) Hydrogen Energy Co., Ltd. This investment marks the beginning of in-depth hydrogen energy cooperation between the two parties, who will leverage their respective resource advantages to jointly build an industrial ecosystem.

Sinopec has been developing the entire hydrogen energy industry chain since 2020, with the goal of becoming "China's leading hydrogen energy company." Sinopec Capital has invested in 13 hydrogen energy enterprises, and its hydrogen energy fund is the largest specialized hydrogen energy fund in China, possessing strong capabilities to empower the industry chain.

Faurecia Hydrogen Energy possesses the first Type IV hydrogen storage cylinder certification in China, and its 70 MPa hydrogen storage cylinder technology is leading. The introduction of this investment will strengthen its market positioning, enhance its project acquisition capabilities, and accelerate the localisation of hydrogen storage technology.

China's hydrogen energy industry has received policy support. In 2024, hydrogen production reached 36.5 million mt, cumulative sales of hydrogen fuel cell vehicles exceeded 30,000 units, and the number of hydrogen refueling stations reached 559. The plan is to achieve a hydrogen vehicle ownership of 500,000 units by 2030, providing broad space for cooperation between the two parties.

Faurecia Hydrogen Energy will leverage the cooperation to optimize its supply chain and enhance its competitiveness. Representatives from both sides stated that they will deepen synergistic empowerment to achieve mutual benefits and contribute to the high-quality development of the global hydrogen energy industry.