Hexagon Purus and CIMC Enric signed investment agreements to establish a joint production facility in Shijiazhuang, Hebei, and the CIMC-Hexagon New Energy Technologies management office and engineering hub in Beijing Daxing District International Hydrogen Development Zone, respectively.
China’s government has pledged to support the CIMC-HEXAGON business in Shijiazhuang and Beijing Daxing through 2030, as well.
Fuel cell electric vehicles (FCEVs) and the distribution of hydrogen in China and Southeast Asia, the world’s largest zero-emission hydrogen vehicle market, will be covered by joint venture agreements previously signed by Hexagon Purus and CIMC Enric in 2021.
“As part of our global expansion program, CIMC-HEXAGON will become the hub for high quality and highly automated manufacturing of high-pressure composite hydrogen storage cylinders and systems for China and Southeast Asia. We are looking forward to making a contribution to the local transportation sector, addressing the substantial growth potential for hydrogen technology in the region as a reliable supplier of advanced technology,” says Morten Holum, CEO of Hexagon Purus.
Leo Yang, CEO of CIMC ENRIC adds, “CIMC ENRIC, through CIMC-HEXAGON and the broad spectrum of Hydrogen related products and services of CIMC HYDROGEN, offers a unique portfolio of total solutions to vehicle fleet owners, railway and maritime operators. Shijiazhuang has been CIMC Enric’s manufacturing base for over two decades. We are confident that this environment offers our Joint Venture with Hexagon Purus a modern and industrialized environment that can deliver a competitive and highly skilled workforce, as well as strong support from the local government”.
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