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News  ›  GlobeNewswire Inc.

FORVIA et SINOPEC s'associent pour accélérer la croissance de l'hydrogène en Chine

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
FORVIA et SINOPEC s'associent pour accélérer la croissance de l'hydrogène en Chine

FORVIA has announced a strategic partnership with Sinopec, China's leading energy and chemistry company, through a 300 million RMB (€40M) capital increase in FORVIA Hydrogen Solutions China. The partnership aims to strengthen FORVIA's position in China's rapidly growing hydrogen market, which produced 36.5 million tonnes in 2024 and is targeting 500,000 hydrogen vehicles by 2030. The collaboration will provide access to key public contracts and industrial synergies.

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Strategic partnership with major Chinese energy leader Sinopec strengthens market position, provides access to key public contracts, and supports growth in the high-potential Chinese hydrogen market. China represents 21% of FORVIA's global sales (€5.9B), making this partnership strategically significant for future expansion.