Sou Hu Cai Jing·2026-01-09 04:22Core Viewpoint - FORVIA Group has announced a strategic investment of 300 million RMB (approximately 40 million Euros) from Sinopec Capital into its hydrogen energy subsidiary, enhancing its market positioning in China's rapidly growing hydrogen sector [1][4]. Group 1: Investment Details - Sinopec Capital, through its private equity management arm, is investing in FORVIA's hydrogen energy subsidiary, indicating a strong commitment to the hydrogen energy market [1][4]. - The hydrogen fund managed by Sinopec is the largest in China focused on the hydrogen industry chain, having invested in 13 hydrogen-related companies [4]. Group 2: Market Context - The hydrogen industry has been elevated to a national priority in China, alongside gasoline and natural gas, to accelerate its industrialization [5]. - China's hydrogen production is projected to reach 36.5 million tons in 2024, a 3.5% increase from 2023, with significant applications in the chemical industry and growing use in transportation and steel manufacturing [5]. - China remains the largest single market for hydrogen fuel cell vehicles, with cumulative sales exceeding 30,000 units and 559 hydrogen refueling stations established nationwide [5]. Group 3: Strategic Collaboration - The partnership with Sinopec Capital is expected to enhance FORVIA's supply chain optimization and accelerate growth and value creation in the hydrogen sector [6]. - Executives from FORVIA emphasize that this collaboration will strengthen their market position in China and enhance their ability to provide innovative solutions [6]. - Sinopec Capital aims to become the leading hydrogen company in China and plans to leverage this investment to foster deep business cooperation and promote high-quality development in the global hydrogen industry [6].