FORVIA announced that Sinopec Capital — the investment platform under Sinopec — has made a CNY 300 million (about 40 million euros) strategic investment in Faurecia Hydrogen Investment (Shanghai) Co., Ltd. (“Faurecia Hydrogen”). The investment was made through the Chaoyang Hydrogen New Momentum Venture Capital Fund (the “Hydrogen Fund”), which is managed by Sinopec Private Equity Fund Management Co., Ltd., a Sinopec subsidiary.
Image: Faurecia China
Hydrogen, as one of the core tracks in clean energy, is entering a phase of rapid global expansion. China has elevated hydrogen to a national energy strategy, naming it a strategic emerging industry and a key pillar of future industries.
In 2024, China’s hydrogen production reached 36.5 million tonnes, up 3.5% from 2023. Most of it goes to the chemicals sector, while usage in transportation and steelmaking is steadily increasing. China…
