Mr. Zhang Jianyong, Chairman of BAIC Group, visited Dongfang Electric Corporation to sign a cooperation agreement with DEC Hydrogen for hydrogen business development. The partnership between Foton Motor and DEC Hydrogen aims to promote hydrogen fuel-powered products in specific regions of China. They plan to develop heavy-duty trucks suitable for long-distance travel and vehicles for construction transport. Additionally, they aim to establish joint hydrogen R&D centers and conduct research on fuel cell systems. During the visit, Mr. Zhang highlighted the complementary strengths of BAIC Group and DEC in the hydrogen energy industry chain, expressing hope for enhanced cooperation. In a mid-year business operations meeting, BAIC Group reported notable achievements in its commercial vehicle segment, with Foton Motor experiencing accelerated growth in new energy vehicle sales. The collaboration between BAIC Group and DEC Hydrogen signifies a positive step towards promoting hydrogen technology in the automotive industry in China.