In a recent development, BAIC Group's Chairman, Mr. Zhang Jianyong, visited Dongfang Electric Corporation in Shanghai, where a cooperation agreement was signed between Foton Motor, a BAIC Group subsidiary, and DEC Hydrogen. The partnership focuses on developing hydrogen-powered heavy-duty trucks and vehicles for construction transport. The collaboration aims to promote hydrogen fuel-powered products in specific regions of China. Additionally, plans include setting up joint hydrogen R&D centers to innovate tailored commercial vehicles and conduct fuel cell system research. Mr. Zhang Jianyong highlighted the strengths and potential cooperation areas between BAIC Group and DEC, emphasizing their commitment to enhancing the hydrogen energy industry chain. Furthermore, BAIC Group reported significant achievements in its commercial vehicle segment during its mid-year business operations meeting, with Foton Motor selling 300,000 vehicles in the first half of 2024. The company also saw growth in new energy vehicles and achieved a notable year-on-year jump in cumulative exports. BAIC Trucks optimized its network layout and successfully promoted LNG products, resulting in over 2,600 units sold in the Jan.-Jun. period. The overall sentiment of the article towards hydrogen development in China is positive, showcasing the commitment of key players in the automotive industry to explore and expand the use of hydrogen fuel technologies.