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Great Wall Motor Acquires Minority Shares in German Hydrogen Refueling Station Operator H2 MOBILITY

By October 24, 2018 4   min read  (594 words)

October 24, 2018 |

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Leading Chinese Car Manufacturer, Great Wall Motor (GWM), has signed a Memorandum of Understanding with H2 MOBILITY to become its seventh shareholder and co-owner. It will contribute additional investment to the company and acquire a minority share in H2 MOBILITY. GWM thereby joins the six existing shareholders, namely Air Liquide, Daimler, Linde, OMV, Shell and TOTAL.

On October 24, at the 3rd International Hydrogen and Fuel Cell Vehicle Conference (FCVC 2018) held in Rugao, Jiangsu, Great Wall Motor officially announced that it had signed a memorandum of understanding with H2 MOBILITY Deutschland (hereinafter referred to as H2M). By providing additional investment in H2M, it became the seventh shareholder outside Air Liquide, Daimler, Linde, OMV, Shell and Total.

H2 MOBILITY is committed to establishing a nationwide hydrogen refueling station infrastructure in Germany to support the development of German fuel cell vehicles. In its first phase of the program until 2019, H2M will operate 100 highways between the seven metropolitan areas (Hamburg, Berlin, Rhein-Ruhr, Frankfurt, Nuremberg, Stuttgart and Munich) with the highest traffic volume. Hydrogen station. In the next few years, it will continue to build more than 300 hydrogen refueling stations to match the growing number of fuel cell vehicles, thus establishing the world's largest network of hydrogen refueling stations in Germany.

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Great Wall Motor has a long-term layout in the field of new energy vehicle technology. In the first half of 2018, Great Wall Motor built a hydrogen energy technology center, which fully tested and tested the core components of fuel cell vehicles, as well as vehicle integration and testing capabilities. On August 31, Great Wall Motor Holding Group Co., Ltd. acquired 77.04% of Shanghai Fuel Cell Vehicle Power System Co., Ltd. and successfully controlled Shanghai Fuel Cell, which has the ability to develop and deploy cost-competitive fuel cell drives for various applications. . In the future, outside the domestic market, Great Wall Motor will also launch fuel cell models in the international market. In order to promote the establishment of China's hydrogen refueling station infrastructure and the popularity of fuel cell vehicles, Great Wall Motor is determined to invest in hydrogen refueling station technology. The cooperation with H2M is the implementation of this plan.

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By entering H2M, Great Wall Motor will be able to cooperate with and learn from Germany's leading PPP hydrogen energy infrastructure alliance, thus accumulating experience for the deployment of China's hydrogen refueling station network, helping to build competitiveness, reliability and safety in China. 

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About H2M: H2 MOBILITY Deutschland GmbH&Co. KG is responsible for laying the foundation for hydrogen energy transportation in Germany. The goal is to establish a network of up to 400 hydrogen refueling stations nationwide, with the advantages of rapid hydrogenation and long driving distance to create an environmentally friendly (hydrogen) electric vehicle infrastructure. H2 MOBILITY is responsible for all operations, including network planning, site building and hydrogen refueling operations. Air Liquide, Daimler, Linde, OMV, Shell and Total joined H2 MOBILITY as shareholders based on the goal of minimizing risk, sharing expertise, accelerating national and international standardization, and making better use of capital. In addition, companies such as BMW, Honda, Hyundai, Toyota, Volkswagen and NOW GmbH (National Hydrogen and Fuel Cell Technology Organization) act as consulting partners for H2 MOBILITY. In addition to the capital shareholders, H2M is funded mainly through the German Federal Ministry of Transport and Digital Infrastructure (BMVI) and the European Commission. At present, there are more than 50 hydrogen refueling stations in Germany, most of which are established and operated by H2M.

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