Schaeffler recently established a subsidiary, Schaeffler Hydrogen Technology (Shanghai) Co., Ltd., in Jiading, Shanghai, to focus on the research, development, and production of hydrogen energy-related technologies and products. With a strategic focus on hydrogen energy, the company aims to leverage its technological advantages to promote the application and industrialization of hydrogen energy technology. This endeavor aligns with China's 'dual carbon' strategy and Schaeffler's commitment to a low-carbon future. Schaeffler's expertise in metal forming, material technology, and surface treatment equips the company to develop key products for the hydrogen industry, such as metal bipolar plates for water electrolyzers and fuel cells. The company's involvement in the Shanghai source-grid-load-storage integrated zero-carbon hydrogen storage project highlights its commitment to driving innovation in the field. Dr. Zhang Yilin, CEO of Schaeffler China, emphasized the importance of hydrogen in shaping a sustainable future. The establishment of the hydrogen technology company in China reflects Schaeffler's dedication to expanding into green energy fields and contributing to energy transformation. Through continued R&D efforts and localization capacity building, Schaeffler aims to propel the development of the hydrogen energy industry.