Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex
  • Primary Hydrogen Advances Natural Hydrogen Exploration in Atlantic Canada
  • Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations
  • Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras
  • Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets
  • Why Most Hydrogen Research Will Never Scale—and How Balkan Labs Are Quietly Changing the Game
  • E.ON Cancels 20MW Hydrogen Plant in Essen
  • Repsol Abandons 130MW Hydrogen Project in Puertollano Amid Economic and Technical Concerns
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Americas
Green Hydrogen H2 News

Leading Chinese hydrogen fuel cell provider considering IPO through a merger with US-based company 

Arnes BiogradlijaBy Arnes Biogradlija27/04/20223 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram
Shenzhen State Fuel Cell Corporation (“SFCC” or the “Company”), a renowned Chinese producer of hydrogen fuel cell energy solutions, is considering going public via a merger with a Special Purpose Acquisition Company (“SPAC”).

The Company anticipates being listed on Nasdaq in the first quarter of 2023, with a market capitalization of $1 billion USD (equivalent to approximately 64.5 billion CNY).

Founded in 2016, SFCC is one of the leading hydrogen fuel cell energy solution providers, focusing on hydrogen fuel cell energy pack R&D and production, as well as other one-stop services for hydrogen fuel commercial vehicles. It holds almost 150 patents for critical hydrogen energy technologies and has contributed to the development of more than ten national standards and a number of group standards.

SFCC has completed the development of a 30kW-135kW class fuel cell power system, with positive development capacity and key technical indicators that are industry-leading. The company adheres to independent innovation under the new industrial transformation, focusing on fuel cell technology research, power system research and development, and industrialization, and realizing the leapfrog development of product technology introduction and accumulation to independent development.

Many well-known automotive manufacturers, including Dongfeng Motor, Sany Heavy Industry, Jiangling Automobile, Nanjing Jinlong, Dongfeng Liuqi, and others, have formed close partnerships with SFCC and have jointly introduced a variety of commercial vehicle models.

In Shenzhen, Tianjin, and other cities in 2019, logistics vans and large trucks fitted with SFCC fuel cell system goods were used. It is Shenzhen’s first fuel cell company to conduct mass commercial hydrogen fuel vehicle operations, and it has earned the international lTAT16949:2019 quality management system certification.

In addition, the Company is actively collaborating with local governments to build hydrogen refueling stations in a variety of regions and cities to provide commercial vehicle operation management and refueling services.

China recently announced the first “3 + 2” demonstration in 47 cities, headed by Beijing, Shanghai, Guangdong, Henan, and Hebei, as well as the announcement of the country’s first medium- and long-term growth strategy for the hydrogen energy vehicle sector. SFCC is predicted to achieve a considerable increase in firm performance and revenue in 2022, in terms of both policy and market.

If the listing process is successful, SFCC might become the second China-based hydrogen fuel cell energy solution provider to list on the New York Stock Exchange.

Over 600 SPAC IPOs have been conducted in 2021, raising more than US$162 billion in the capital, shattering all previous records. In 2020, the US stock market will have executed 237 SPAC IPOs, raising a total of $83.3 billion, a new high.

The fast-food chain “Burger King,” the entertainment magazine “Playboy,” the private aircraft firm “Virgin Galactic,” and the first hydrogen energy listed company “Nikola” are just a few of the well-known SPAC mergers.

SPACs, also known as “Blank-Check Companies” in the US capital market, is a unique financial vehicle. SPAC is a public-traded private equity fund. The founder initially forms a corporation and files a prospectus for an initial public offering. Within 12 to 24 months after the firm goes public through IPO funding, it will select target companies to combine with. The majority of SPACs will be listed on the Nasdaq or the NYSE.

Share. LinkedIn Twitter Facebook Email

Related Posts

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil's Fawley Complex

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex

09/07/2025
Hydrogen

Primary Hydrogen Advances Natural Hydrogen Exploration in Atlantic Canada

09/07/2025
Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

09/07/2025
Hyundai Hydrogen

Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras

09/07/2025
Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets

Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets

09/07/2025
Hydrogen

Why Most Hydrogen Research Will Never Scale—and How Balkan Labs Are Quietly Changing the Game

08/07/2025
Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil's Fawley Complex

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex

09/07/2025
Hydrogen

Primary Hydrogen Advances Natural Hydrogen Exploration in Atlantic Canada

09/07/2025
Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

09/07/2025
Hyundai Hydrogen

Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras

09/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.