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GWM's Building of Hydrogen Industry Ecology Boosts New Energy Revolution

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GWM has achieved a significant milestone with the successful testing of its 70MPa type III hydrogen bottle, further advancing its hydrogen energy technology. Following its hydrogen energy strategy launched in March, GWM aims to spearhead a decarbonization effort by developing an integrated hydrogen ecosystem, from production to application. Aiming for a 2021 launch, GWM's first hydrogen fuel cell SUV will boast a range of up to 840km. GWM is investing RMB 5 billion in R&D over the next three years to achieve an annual production capacity of 10,000 hydrogen systems, positioning itself as a market leader.

Positive
  • Successful testing of the 70MPa type III hydrogen bottle enhances GWM's position in the hydrogen technology market.
  • Plans to launch the world's first SUV with Class C hydrogen fuel cell in 2021, promising a range of up to 840 km.
  • Investment of RMB 5 billion in hydrogen energy R&D over the next three years demonstrates commitment to innovation and scaling production.
Negative
  • None.

BAODING, China, June 3, 2021 /PRNewswire/ -- Last month, GWM finished the first 70MPa type III bottle test for its hydrogen technology. Which marked another technical breakthrough the company made in hydrogen power industry after the hydrogen energy strategy released in March, and many innovative application results of hydrogen energy technologies and products brought by GWM's subsidiary FTXT to the 2021 Auto Shanghai in April.

At present, the global economy and energy industry are ushering in the "decarbonization era", and saving energy and protecting the environment has become a global trend. In this context, hydrogen energy is regarded as the clean energy with the most development potential in the 21st century. Following this trend, GWM is striving to break core technology barriers, link the upstream and downstream industry chains and accelerate the commercial promotion of hydrogen energy by building an international supply chain ecology integrating hydrogen "production-storage-transportation-refueling-application". In addition, the company has also launched a world-class full-scene solution of "hydrogen power systems" meeting vehicle regulations—the Hydrogen- L.E.M.O.N. Technology, which is the technical core of GWM's hydrogen energy strategy and one of GWM's fundamental technology lines for the L.E.M.O.N. platform. The solution covers hydrogen fuel cell systems, fuel cells and electric piles, vehicle-mounted hydrogen storage systems, and key components. According to GWM's current plan, the world's first SUV with Class C hydrogen fuel cell created based on the Hydrogen- L.E.M.O.N. Technology will be launched this year, and it will support an endurance mileage of up to 840km.

GWM's building of hydrogen industry ecology boosts new energy revolution

As the first Chinese auto enterprise in the Hydrogen Council, GWM started to set up a world-class R&D team for hydrogen energy, fuel cell systems and vehicle technologies early in 2016 and this team consists of industry elites from Germany, the UK, Korea, Japan, the USA and China. At the same time, GWM has formed an R&D landscape spanning 7 countries and 10 regions in Europe, North America and Asia, laying a solid foundation for the innovation of its hydrogen energy industry. For the purpose of meeting the demand for whole industrial chain R&D, GWM has invested a total of RMB 2 billion and in the next 3 years, will plunge another RMB 3 billion into the hydrogen energy R&D sector, to reach the production capacity of 10,000 sets and become a leading enterprise in this sector.

In strict accordance with the requirements of low carbon and environmental protection, and guided by the concept of "over-investment" in R&D, GWM continuously strengthens the development of hydrogen energy technology, new energy power battery technology and other future clean technologies, actively fulfills its social and environmental responsibilities, and serves users worldwide based on the concept of "green + intelligent" travel. It aims to create environmentally friendly industrial chain ecology, and "build a sustainable and beautiful society by hydrogen energy".

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SOURCE GWM

FAQ

What recent breakthrough has GWM achieved in hydrogen technology?

GWM has successfully tested a 70MPa type III hydrogen bottle, marking a significant milestone in its hydrogen technology capabilities.

When will GWM launch its first hydrogen fuel cell SUV?

GWM plans to launch its first hydrogen fuel cell SUV in 2021, which will feature a range of up to 840 km.

How much is GWM investing in hydrogen energy R&D?

GWM is investing RMB 5 billion in hydrogen energy R&D over the next three years to boost production capacity.

What is GWM's strategy for hydrogen energy?

GWM aims to build a comprehensive hydrogen ecosystem that integrates production, storage, transportation, refueling, and application.

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