On June 5, China first automobile co., LTD., dongfeng motor group co., LTD., Beijing automobile group co., LTD., guangzhou automobile group co., LTD., Beijing huatong technology co., LTD., Toyota motor corp., six companies in Beijing signed the joint venture contract, set up "joint research and development of fuel cell system (Beijing) co., LTD.", in China's popularization of hydrogen fuel cell vehicle (FCEV), promoting the social development of the hydrogen.

    The new company, with a total investment of 5.019 billion yen, is expected to be formally established in Beijing in 2020.Its main business is developing fuel cell systems for commercial vehicles in China.

    In China, based on the 2016 Energy Conservation and New Energy Vehicle Technology Roadmap, the hydrogen fuel cell vehicle market with commercial vehicles as the core is expanding at an unprecedented rate.In order to popularize and promote hydrogen fuel cell vehicles in the rapidly changing Chinese market, the development foundation of hydrogen fuel cell vehicles must be jointly built by the whole industry and the unprecedented open system.Based on this idea, six companies with the same idea decided to form a joint research and development company.

    Six companies will jointly negotiate products, developed in the power, power consumption, durability, etc., are all with superior products, and lower cost, a more competitive of the fuel cell system and its main components, and dragon type to satisfy the market demand of China's "component technology such as hydrogen fuel battery pile", "control technology of hydrogen fuel cell system" and "vehicle carrying technology" and a series of technical research and development work.Thus, the time from development to product transformation will be greatly shortened, and the popularization of hydrogen fuel cell vehicles in China's commercial vehicle market will be accelerated, contributing to the realization of a better mobile travel society in China.

    As the backbone enterprise of China's automobile industry and a leading enterprise of new energy vehicles, BAIC Group adheres to the "three-line simultaneous development" technology route of pure electric, hydrogen fuel cell and hybrid power in the field of new energy vehicles, and its Subsidiary BaiC Foton takes the lead in the development of hydrogen fuel cell technology and products.Before this signing, Beiqi Foton has cooperated with Yihuatong and Toyota in hydrogen fuel cell vehicles.

    Zhang Xiyong, deputy Secretary of the Party Committee and general manager of BAIC group, said, "As a strong participant in the new energy revolution, BAIC is willing to communicate and discuss the challenges and opportunities faced by Chinese automobiles with global partners with strategic vision, and strengthen innovation cooperation in r&d based on the breakthrough of hydrogen energy technology.The newly established United Fuel Cell System Research and Development Company is an excellent platform for such open cooperation.New company of Toyota's global top hydrogen fuel cell technology, huatong power in system integration, the domestic automobile group, manufacture and market advantage into an organic whole, believe that all parties will fully integrate resources, actively explore the effective way of technological innovation, to promote China and the world is going through the green energy revolution, let the hydrogen into daily life in the near future!"