Recently, Weichai Power Co., Ltd. (hereinafter referred to as "Weichai Power") announced a strategic cooperation with Swiss FISCHER Spindle Group Ltd (hereinafter referred to as "Swiss Fast Group") to invest in its fuel cell air compressor business and establish it in China Joint venture company to jointly build into the world's leading provider of fuel cell air compressors.
Through this strategic cooperation, Weichai Power will further vertically extend the layout of the fuel cell industry chain and improve the core competitiveness of fuel cell powertrains.
Prior to this, Weichai Power had strategically invested in Ballard, a global leader in hydrogen fuel cells, and Syris, a global leader in solid oxide fuel cells, and both were the largest shareholders. With this strategic deployment of fuel cell air compressor technology, Weichai Power has taken another solid step towards the goal of "New Energy Business Leading the Development of the Global Industry".
Fuel cell air compressor is known as the "lung" of fuel cell power system. Its performance will directly affect the operation index of fuel cell power system. It is also one of the most costly core components. It is currently the short-term development of hydrogen fuel cell engine in my country. board.
Swiss Fast Group is mainly engaged in the business of high-speed and high-precision shafts and fuel cell air compressors. It is a world-class fuel cell air compressor company. Its products are industry-leading in key indicators such as power density, isentropic efficiency and reliability.
Through this joint venture, the two parties will give full play to the advantages of Weichai Power’s new energy powertrain, complete vehicles and other supply chain and industrial resources, as well as the R&D advantages of the Swiss Fast Group in the field of high-speed and high-precision rotating systems, and strengthen the centrifugal Fuel cell air compressor product development and market development will be deployed in Shandong with an investment plan for engineering and mass production to provide global customers with high-performance, high-quality, and cost-effective fuel cell air compressor product solutions.
Mr. Tan Xuguang, Chairman and CEO of Weichai Power, said that the high-quality and high-performance fuel cell air compressor products of Swiss Fast Group have been widely recognized in the industry. The two parties have joined hands through joint ventures and cooperation to create a long-term strategic partnership. Power's world-leading hydrogen fuel cell engine technology will quickly promote the investment of fuel cell air compressors in Shandong, which will provide important technical support for the development of hydrogen fuel cell engines in China.
It is reported that Weichai Power is committed to leading the development of the global industry in new energy business in 2030. At present, it has fully completed the core technology layout of hydrogen fuel cells and solid oxide fuel cells in the field of new energy powertrains. The key technical indicators are in commercial vehicles and energy. The world's leading power industry.
Recently, Weichai Power disclosed a non-public issuance plan, and plans to raise 2 billion yuan of funds to accelerate the R&D and manufacturing capabilities of the fuel cell industry chain.
