FORVIA announces the minority investment in FORVIA Hydrogen Solutions China, its hydrogen-focused subsidiary in China, by a strategic local investor through a capital increase of €40 million.
Sinopec, China’s leading energy and chemical company and a major player in the hydrogen value chain, will join as an industrial partner, through its subsidiary Chaoyang Hydrogen New Energy Venture Capital fund.
This transaction reinforces FORVIA’s commitment to optimizing its presence in the Chinese fast-growing hydrogen market, strongly backed by government policies. Bringing in a major player like Sinopec Capital, the leader in China’s hydrogen value chain, strengthens FORVIA Hydrogen Solutions’ position and open doors to key government contracts and industrial synergies.
Full story FORVIA and Sinopec Capital partner to accelerate hydrogen growth in China | FORVIA
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