Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home Email this story   Print this story
 
Great Wall to invest in German hydrogen station operator H2 Mobility
Automotive News China | 2018/10/30

Great Wall Motor Co., China¡¯s largest light truck maker, signed a memorandum of understanding to invest in H2 Mobility Deutschland, a German operator of hydrogen fueling stations.
 
By becoming a shareholder in H2 Mobility, Great Wall said it would be able to tap the German company¡¯s expertise in hydrogen fueling infrastructure and construction, and the commercialization of fuel cell vehicles in China.
 
Great Wall signed the memorandum with H2 Mobility at an international conference on hydrogen-powered fuel cell vehicles held last week in the east China city of Rugao.
 
The Chinese company did not disclose the amount of capital it intends to invest in H2 Mobility.
 
Great Wall is one of the few Chinese automakers that have started developing fuel cell vehicles.
 
In June, the company opened a fuel cell vehicle tech center at its headquarters in the north China city of Baoding. In April, it acquired a 77 percent stake in Shanghai Fuel Cell Powertrain Co., a Shanghai-based fuel cell battery maker.
 
Great Wall plans to complete the development of a fuel cell vehicle prototype in 2020 and demonstrate a small fleet of fuel cell vehicles at the Winter Olympics in the north China city of Zhangjiakou in February 2022.
 
In the first nine months of the year, Great Wall, headquartered in the north China city of Baoding, delivered 676,668 crossovers, SUVs, pickups and sedans, a drop of 4.1 percent from a year earlier.
 
H2 Mobility, based in the German capital of Berlin, is a joint venture between six European companies -- French industrial gas provider Air Liquide, German automaker Daimler AG, German forklift truck maker Linde Material Handling, Austrian energy group OMV, Anglo-Dutch oil giant Shell and French oil giant Total. It is also partly funded by the German government and the European Commission.
 
It operates most of the 50-strong public hydrogen stations in Germany, according to H2 Mobility. The company aims to expand the network in Germany to include 400 stations by 2023.

Related Stories
  • Chinese automakers renew drive to go global
  •     --Published:2019/15/3
     
  • Great Wall deliveries advance behind pickups and new crossover
  •     --Published:2019/12/3
     
  • Great Wall to build vehicles in east China's Taizhou city
  •     --Published:2019/26/2
     
  • Great Wall, BYD sales rise despite market downturn
  •     --Published:2019/22/2
     
  • Great Wall seeks to boost sales 14% in 2019
  •     --Published:2019/29/1
     
  • Geely, Great Wall to add plants in China
  •     --Published:2018/21/12
     
  • Senior China official urges shift to fuel cell vehicles
  •     --Published:2018/18/12
     
  • Great Wall to open Russian plant in March
  •     --Published:2018/11/12
     
  • Chinese brands seek to crack Western Europe with EVs
  •     --Published:2018/7/12
     
  • CEO of Great Wall's premium Wey brand resigns
  •     --Published:2018/6/11
     
  • Great Wall posts record sales drop as market stalls
  •     --Published:2018/30/10
     
  • Great Wall to open Russian assembly plant in first half of 2019
  •     --Published:2018/25/9
     
  • BorgWarner supplies electric drive module to Great Wall's EVs
  •     --Published:2018/21/9
       
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    »¦ICP±¸06057291ºÅ