marketscreener.com 21 Sep, 2020 05:00 am

SAIC Motor : unveils hydrogen strategy plan

SAIC Motor : unveils hydrogen strategy plan
SAIC Motor released its hydrogen strategy plan, which is first of its kind in China's auto industry, at the SAIC Hydrogen Strategy Conference in Shanghai on Sept 13, aiming to turn out ten fuel... | September 20, 2020

SAIC Motor released its hydrogen strategy plan, which is first of its kind in China's auto industry, at the SAIC Hydrogen Strategy Conference in Shanghai on Sept 13, aiming to turn out ten fuel cell vehicles to claim a more than 10 percent market share by 2025.It will build a team of more than 1,000 people for fuel cell system research, development and operation to reach the goal of producing and selling 10,000 hydrogen fuel cell vehicles per year.Sales of SAIC Motor's fuel cell systems are expected to exceed 30,000 by 2025 and this would make the carmaker a leading company in the field.The company aims to become a globally competitive fuel cell vehicle manufacturer with complete independent intellectual property rights in the next decade.

SAIC Motor also unveiled the world's first hydrogen fuel cell MPV called Maxus EUNIQ 7 at the conference, which is equipped with the company's newly developed third-generation fuel cell system.Starting from the successful launch of the product, SAIC Motor will promote the mass application of its new generation of autonomous fuel cell technology in heavy trucks, light trucks, buses and other commercial vehicle products based on user scenarios, and launch new fuel cell passenger vehicles in due course.

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