Schaeffler, a global technology company, has established a new subsidiary, Schaeffler Hydrogen Energy Technology (Shanghai) Co., Ltd., in collaboration with the local government of Anting Town, Shanghai. This wholly-owned subsidiary will focus on the research, development, and production of hydrogen energy-related technologies and products. As hydrogen energy is recognized for its abundance and zero-carbon properties, it is seen as a crucial element in combating climate change and supporting global energy transitions. Schaeffler's strategic move aligns with China's environmental goals, particularly the 'dual carbon' initiative. The company plans to leverage its expertise to drive the application and industrialization of hydrogen technologies, such as PEM and AEM electrolyzer stacks. The establishment of the new company in the Jiading Hydrogen Energy Port is aimed at developing and commercializing innovative hydrogen solutions. Schaeffler has already participated in Shanghai's hydrogen storage project and provided advanced PEM electrolyzer solutions, marking a significant milestone in its hydrogen energy endeavors. The company's involvement in the entire hydrogen value chain, from production to application in fuel cells and green steel manufacturing, highlights its commitment to sustainable energy solutions. Key products like metallic bipolar plates and various components contribute to enhancing the efficiency of hydrogen systems, showcasing Schaeffler's role in driving innovation in the hydrogen energy industry.