SSET(SZ:300540) Zheng Quan Shi Bao Wang·2024-11-04 18:44Core Viewpoint - The collaboration between Shudao Equipment, Shudao Group, and Toyota aims to advance the hydrogen energy industry, focusing on fuel cells, hydrogen production, and distribution, with the goal of promoting green transportation and sustainable development [1][2][3] Group 1: Partnership Details - A hydrogen industry cooperation agreement has been signed among Shudao Group, Shudao Equipment, Toyota, and Toyota China, focusing on areas such as hydrogen fuel cells, hydrogen storage, production, and distribution [1][2] - The partnership intends to establish a joint venture in Chengdu, with Shudao Group and Shudao Equipment holding 50% and Toyota and Toyota China holding the other 50% [2] - The joint venture will manufacture fuel cells and related components, with an initial focus on establishing a production line for hydrogen fuel cell power systems in Chengdu [2][3] Group 2: Strategic Goals - The collaboration aims to create a comprehensive hydrogen energy ecosystem in Chengdu, promoting the production, sales, and application of hydrogen fuel cells [1][2] - The parties plan to leverage their respective resources to promote the joint venture's products, particularly in commercial vehicles, rail transport, and energy storage [2][3] - Shudao Group aims to develop the hydrogen energy sector as a new growth area, targeting a scale of 10 billion yuan by 2027 [3][4] Group 3: Industry Context - The Sichuan provincial government is supporting the development of hydrogen energy technologies, focusing on long-life fuel cells and renewable energy hydrogen production [3][4] - Shudao Equipment has been actively involved in various hydrogen energy demonstration projects, including hydrogen refueling stations and hydrogen-powered locomotives [4]