Power source hydrogen fuel products are used in hydrogen fuel buses and logistics vehicles for the Beijing Winter Olympics

Shanghai Securities News China Securities Network News (reporter Qiu Dekun) power source on the interactive platform on January 11 said that the company provides emergency power supply equipment for the Beijing Winter Olympics Olympic Village apartments, and hydrogen fuel products are used in hydrogen fuel buses and logistics vehicles for the Beijing Winter Olympics.

Power Source is a high-tech enterprise focusing on the research and development, manufacturing, sales and related technical services of power electronics related products, and continuously focuses on the conversion and energy utilization of electric energy in the three major industries of data communication, smart energy and new energy vehicles. In the field of new energy vehicles, the company concentrates its superior resources to develop core components related products in the automotive field, and has formed core technical advantages in the core components market of new energy vehicles such as electric drive systems, on-board power supplies, and hydrogen fuel cell DC/DC converters.

In the first half of 2021, the overall new energy hydrogen power business of power source achieved a breakthrough, and the sales performance of hydrogen fuel boost DC/DC converter products and high-speed motor controllers and other products developed and produced by power source doubled. Power Source said that as one of the earliest power supply companies in the industry to enter the field of hydrogen power, the power supply products and controller products for hydrogen power stack systems developed by the company are one of the earliest batch listed products in China, and have a certain business scale and good customer relations in the industry. At present, the company's hydrogen power series products market share of more than 30%.

As of June 30, 2021, Power Source had a total of 411 valid intellectual property rights, including 65 invention patents, 212 utility model patents, 43 appearance patents, 73 software copyrights, and 18 registered trademarks. Wisdom bud data show that the power source mainly focuses on high-voltage inverters, charging piles, power units, photovoltaic inverters, transformers, batteries, electronic equipment, input voltage and other technical fields, non-appearance patents account for more than 85% of the total patents, highlighting the excellent performance of its patented research and development technology.