【Pilot Intelligence Annual Inventory】International Giants "Grab Food"

China's hydrogen fuel cell vehicles present a huge market space, attracting many international car companies and core materials and components companies to devote themselves to the layout.

Vehicle companies include Toyota, Hyundai, etc., fuel cell and parts companies include Bosch, Ballard, Cummins, Continental, Faurecia, Swiss Flying Group, etc., and core material companies include DuPont, Gore, Johnson Matthey, AvCarb, etc., all of which are increasing investment in China's hydrogen fuel cell market in different forms.

According to the analysis of the Hydrogen and Electricity Research Institute (GGII), China is the world's largest hydrogen energy market, international leading enterprises are competing for layout, and the "catfish effect" will promote the increasingly fierce competition in the local market, and sufficient market-oriented competition will help the industry to develop healthily and rapidly. The details of the above 12 international giants in china's layout of the fuel cell industry chain are as follows:

01

Toyota

Toyota Motor is a representative enterprise in China's hydrogen power market. In 2020, Toyota Motor and Yihuatong, BAIC Group, Dongfeng Group, FAW Group and GAC Group established a joint venture company joint fuel cell system research and development (Beijing) Co., Ltd. (hereinafter referred to as FCRD) in China. In October 2021, FCRD's first product, TLPower100, is mainly aimed at commercial vehicles, with a rated output power of 101kW, power density (4.9kW/L), and durability (30,000 hours) that have reached the current industry-leading level. FCRD said that in the future, it will continue to launch power products at all stages and products that can meet various standards and quickly introduce them to the Chinese market.

Currently, FCRD has a development team of about 50 people, and plans to expand the development team to 70 people in the next 2-3 years. Together with the FCRD brother company FCTS (Huafeng Fuel Cell Co., Ltd.), which is responsible for the development of vehicle installation applications, and the FC development team of Toyota's wholly-owned R&D center TMEC, Toyota Motor's affiliates in China will employ more than 120 people in hydrogen research and development.

One of the goals of the FCRD team's current development of the product is to be able to make the price of the fuel cell system the same as that of the conventional fuel engine without subsidies in the future. In order to achieve this goal, FCRD is not limited to Chinese suppliers or overseas suppliers in the procurement of parts and components with performance and price standards, and even in order to finally provide customers with cost-effective products, it is also considering introducing overseas excellent suppliers into China. In terms of market, FCRD's China strategy is to base itself on Beijing, deeply cultivate Beijing-Tianjin-Hebei, and radiate the whole country.

02

Modern cars

Hyundai Motor has more than 20 years of research and development history in the field of fuel cells, and has accumulated profound technology. At present, Hyundai Motor is making a big move into the Chinese fuel cell market based on its own technological advantages. In March 2021, Hyundai Motor's first overseas hydrogen fuel cell system production and sales base was officially laid in Guangzhou, and it was named "HTWO Guangzhou" with the exclusive brand of Hyundai Motor's hydrogen fuel cell system. The base is expected to be officially completed in the second half of 2022 and will be built into a comprehensive base including a hydrogen fuel cell stack plant, a hydrogen fuel cell system production plant, an R&D center, and an innovation center.

Prior to this, Hyundai Motor has successively signed work agreements with cooperative enterprises in the Yangtze River Delta and Beijing-Tianjin-Hebei regions to pave the way for full access to China's hydrogen fuel cell commercial vehicle market, and has also signed a contract with Sichuan Ziyang High-tech Zone to invest 2.23 billion yuan in the construction of the second phase of Hyundai Commercial Vehicle Project, focusing on strengthening the research and development and production of new energy vehicle products, including hydrogen fuel cell vehicles.

Hyundai has also unveiled its "export" roadmap for the Chinese market, planning to export 27,000 hydrogen trucks to China by 2030.

03

Ballard

On September 29, 2021, at the shandong and the world's top 500 connection and deepening cooperation with North America promotion meeting, The chairman and CEO of Ballard Power Systems in Canada, Mai Kaiwen, said in the connection that Ballard and Weichai have a very close strategic cooperative relationship and have a common vision to promote the landing and promotion of hydrogen vehicles in the Chinese market. Ballard System Power is considering a new membrane electrode manufacturing and innovation center project in Shandong.

As China gradually becomes the world's largest market for fuel cell vehicles, Ballard has launched an in-depth layout aimed at China's development opportunities. Yu Ling, sales director of Ballard, revealed his strategy in China in an exclusive interview with Gaogong Hydrogen Power a few days ago:

1. Ballard will continue to invest in research and development to ensure technological leadership. In the past 40 years, Ballard has invested more than 1.5 billion US dollars in research and development, and will continue to maintain high R&D investment in the future to promote the technological progress of membrane electrodes, fuel cell stacks and systems; 2, will use more locally produced parts in China to further reduce costs, while using domestic components of fuel cells will not only be sold in the Chinese market, but also promoted to Foreign markets such as Europe and North America; 3, will increase investment in the Chinese market, help China solve employment problems, and help China achieve carbon neutrality.

04

Cummins

Cummins is the world's largest independent engine manufacturer, is the global diesel, natural gas, hybrid and other multi-power systems pioneer, is committed to providing customers with a variety of power solutions. In 2021, Cummins will fully expand its hydrogen business in China.

On September 27, 2021, Cummins (China) Investment Co., Ltd. signed an investment agreement with the Shanghai Lingang New Area Management Committee to jointly promote the landing of Cummins Hydrogen China Headquarters in Lingang. The project will build Cummins Hydrogen Energy China headquarters, new energy R & D center and manufacturing base, covering electrolyzed water hydrogen equipment stacks, fuel cell engines and their core components, high-pressure hydrogen storage bottle systems and other businesses, the project plans to achieve an output value of 10 billion yuan, to build Cummins hydrogen energy in China hydrogen energy industry value chain map.

In December, Cummins and Sinopec Capital Company established Cummins Enze (Guangdong) Hydrogen Energy Technology Co., Ltd. (Cummins' first hydrogen energy joint venture) in Foshan, Guangdong Province, which will carry out localized product development, production and sales of leading proton exchange membrane (PEM) electrolysis water to hydrogen production technology in China, and jointly promote the development of green hydrogen production schemes and break through the bottleneck of renewable energy development.

05

Johnson Wanfeng

Johnson Matthey's £7.5 million (about 65.64 million yuan) fuel cell membrane electrode production line in Songjiang, Shanghai, with an annual production capacity of 4 million pieces, is now fully operational. The line is Johnson Matthey's first global fuel cell assembly line outside the UK and will power more than 10,000 buses and commercial vehicles.

Johnson Matthey's fuel cell business has a history of more than 60 years since 1960 and is the world's earliest provider of commercial fuel cell catalysts and membrane electrodes. Its fuel cell related products enjoy great recognition and market share in the international market. Now it has launched an "attack" on the Chinese market.

06

gore

Founded in 1958, Gore is a global materials science company dedicated to changing industries and improving lives, and is the inventor and leader of ePTFE membranes. Gore's world's first large-scale million-square-meter proton exchange membrane production line at its headquarters in Okayama, Japan, has passed the strict audits of many of the world's leading OEMs and is now partially put into production.

For the Chinese market, Gore released a new proton exchange membrane in 2020. Based on Gore's advanced technology, the product is a product that is specially in line with the actual needs of the Chinese fuel cell market by screening and evaluating many different materials and designs. At present, Gore's proton exchange membrane occupies the largest market share in China, and at the same time, Gore is stepping up cooperation with more domestic vehicle companies and system manufacturers. The relevant person in charge of Gore China said that Gore will continue to invest in China's fuel cell vehicle market for a long time to help Accelerate the development of China's fuel cell industry.

07

AvCarb

According to Gaogong Hydrogen, At present, AvCarb is negotiating with the local government of China, the plant is expected to be located in south China, and began to carry out equipment procurement plans, it is expected to start delivering locally manufactured carbon paper products to Chinese customers in 2022, and it is expected to meet the target of 1 million square meters of annual production capacity in China in 2025.

"According to our forecast, the demand for gas diffusion layers in the Chinese market will reach 1 million square meters in 2025 and further exceed the 20 million square meters milestone in 2030." The head of AvCarb said that as a leading supplier of gas diffusion layer products, our strategy is straightforward and clear, that is, to continue to maintain the industry's leading position in this field in the Chinese market.

08

DuPont

DuPont first entered the fuel cell industry in 1966 with the core component proton exchange membrane and became the founder of this technical route worldwide. On December 22, 2020, DuPont Transportation & Industry held its first online seminar on the fuel cell industry for The Chinese fuel cell market by combining high-performance materials with processes and fuel cells, while sharing their deep thinking and disruptive innovative technologies around the pain points of China's fuel cell industry development.

Prior to this, DuPont Transportation & Industry also signed a strategic cooperation agreement with Reshaping Technology, and the two sides will carry out in-depth cooperation in the field of fuel cell systems and component material application solutions in the future to jointly tackle the technological innovation of vehicle fuel cell materials.

09

Bosch

Bosch is stepping up the layout of the hydrogen power industry in the Chinese market. In December 2021, the groundbreaking ceremony of bosch Qingling fuel cell engine project was held in Jiulongpo District, Chongqing. The project is jointly built by Bosch (China) Investment Co., Ltd. and Qingling Motors, the project will be distributed and implemented, the total investment is expected to reach 2.4 billion yuan, will build Bosch fuel cell national first R & D center, national fuel cell engine production base, national hydrogen commercial vehicle production base. The project is expected to be delivered by the end of May 2023.

In December 2020, Ph.D. China and Qingling Motors signed an agreement to establish a joint venture, in which Bosch held 60% of the shares and Qingling motors held 40% of the shares. The joint construction of the fuel cell engine project and the announcement of its official start-up are a key strategic move for Bosch to commercialize fuel cell technology in China. Prior to this, in 2019, Bosch established a hydrogen fuel cell center in Wuxi, which was mainly engaged in research and development, which was officially put into use in March 2021, integrating forward-looking research, engineering development, and industrialization capabilities of small batch products, and has the ability to test from key components to the whole system. Judging from various actions, Bosch's action of "grabbing the beach" of China's fuel cell vehicle market is slowly unfolding in a planned and step-by-step manner.

10

Faurecia

Faurecia is an auto parts company of the French Peugeot Citroën Group, and is committed to becoming the world's leading hydrogen energy travel company. The company's hydrogen energy business is divided into two parts: fuel cell system part and hydrogen storage system part. In terms of hydrogen storage systems, Faurecia invested 190 million yuan in 2019 to establish a global technology center, committed to the development of a new generation of more efficient and lighter high-pressure hydrogen storage cylinders. On April 30, 2021, Faurecia officially completed the acquisition of Shenyang Srinda Anke New Technologies Co., Ltd. (hereinafter referred to as "Srinda"), a leading hydrogen storage cylinder manufacturer in China, accelerating the layout of its hydrogen energy business in China.

The company's fuel cell system is partly driven by the joint venture Symbio (which was established in November 2019 by Faurecia in cooperation with Michelin Group), which has said that Symbio plans to introduce fuel cell technology to the Chinese market, and according to the size and actual needs of China's fuel cell vehicle market, it will also consider building a factory in China to produce fuel cells in the future.

11

Continental

Founded in 1871, Continental is primarily committed to developing pioneering technologies and services for sustainable and connected passenger and freight transport, providing customers with safe, efficient, intelligent and viable solutions in the areas of vehicles, machinery, transportation and transportation.

On December 10, 2020, Continental's ContiTech Hydrogen and Fuel Cell Technology Center was officially settled in Changshu. According to the plan, the technology center is mainly engaged in the research and development and production of key components of hydrogen energy and fuel cells for new energy vehicles, in order to accelerate the transformation and landing of hydrogen energy and fuel cell related technical achievements in the local area and respond to customer needs more quickly. Prior to this, in September of the same year, Continental also signed a strategic cooperation agreement with Remodeling Technologies, and the two sides will carry out in-depth cooperation and exchanges in the fields of fuel cell fluid systems, vibration control and related innovative processes in the future.

12

Swiss Fly Group

Founded in 1939, Swiss Speed is a leading global manufacturer of high-speed and high-precision rotary systems. In recent years, the company has independently developed and put into production an aerodynamic bearing type oil-free air compressor, and the quality and performance of the product have been widely recognized by the industry.

In March 2021, FISCHER Spindle GroupLtd and Weichai Power announced a strategic partnership to invest in its fuel cell compressor business and set up a joint venture in China to become the world's leading fuel cell compressor provider.