Sou Hu Cai Jing·2026-01-09 07:25Core Insights - China Petrochemical Corporation (Sinopec) has made a strategic investment of 300 million RMB (approximately 40 million Euros) in Faurécia (Shanghai) Hydrogen Investment Co., marking a significant step in the hydrogen energy sector [1] - The partnership aims to develop a mutually beneficial industrial ecosystem and enhance the high-quality development of the hydrogen energy industry [1] Investment Details - The investment is managed by Sinopec Capital through its hydrogen fund, which is the largest fund focused on the hydrogen industry chain in China [1] - Sinopec has invested in 13 companies across the hydrogen industry chain, including hydrogen production technology, fuel cells, and hydrogen station construction [1] Market Position and Growth - Faurécia Hydrogen is a leading provider of hydrogen solutions, offering storage solutions for various transportation and non-vehicle applications [2] - The company has obtained the first domestic production qualification for IV-type hydrogen storage bottles and is advancing the localization of its large-capacity IV-type hydrogen storage bottles [2] - The hydrogen industry has been elevated to a national priority in China, with hydrogen production expected to reach 36.5 million tons in 2024, a 3.5% increase from 2023 [2] Future Projections - By 2030, China aims to have 500,000 hydrogen fuel cell vehicles, with projections to exceed 1 million by 2035, supported by various government policies [3] - The collaboration with Sinopec Capital is expected to enhance Faurécia Hydrogen's market positioning and capabilities in securing key government projects [2][3] Strategic Goals - Sinopec aims to become the leading hydrogen company in China, leveraging its industrial chain to empower invested companies [3] - The partnership is expected to accelerate business growth for Faurécia Hydrogen and enhance its ability to provide innovative solutions in the Chinese market [3]