Faurecia aims to play a primary role in the development of hydrogen-based solutions in China. The global automotive technology company, in fact, has just announced the acquisition of CLD, one of China’s largest high-pressure tank manufacturers. More into details, CLD is headquartered in ShenYang and relies on around 200 employees and 2 plants in Liaoning with a capacity of 30,000 tanks per year. The company is already an established and recognized player providing homologated hydrogen tanks to leading Asian commercial and light vehicle automakers. Talking about hydrogen, here’s what two leading brands like Ineos and Hyundai are doing…
Faurecia and CLD will jointly develop hydrogen storage tanks in China
Now, according to the official statement, «Faurecia and CLD will develop and manufacture homologated type III and IV hydrogen storage tanks for the Chinese market». Furtermore, «as hydrogen mobility rapidly gains momentum, the Group is now uniquely positioned to develop hydrogen storage systems and distribution services and as well as fuel cell systems (through Symbio, a joint venture with Michelin). This scope represents 75 percent of the full system value chain. By 2030, Faurecia forecasts the annual hydrogen vehicle production to be two and half million vehicles».
One million fuel cell vehicles by 2030
«CLD is the right partner for Faurecia to accelerate hydrogen mobility in China. By 2030, China will represent a market of at least one million fuel cell vehicles. Through our complementary technologies and industrial expertise, we will further develop CLD’s leadership», commented Mathias Miedreich, Faurecia Clean Mobility EVP.