China-Oman Partnership to Boost Hydrogen Fuel Cell Vehicle Market in Middle East
Key Ideas
- GWM Hydrogen FTXT and Synergy Investments signed an MoU for strategic cooperation on fuel cell commercial vehicles in Oman and the Middle East.
- The partnership aims to establish R&D, production, sales, and services for fuel cell CVs, promoting the internationalization of the hydrogen energy industry.
- FTXT will provide fuel cell technologies and vehicles, while Synergy Investments will handle market development and local operations.
- FTXT plans to introduce hydrogen fuel cell vehicles in Oman within the next two to three years, supported by hydrogen energy infrastructure development.
GWM Hydrogen FTXT, a Chinese producer of hydrogen fuel cell technology, and Synergy Investments from Oman have entered into a strategic cooperation agreement to develop fuel cell commercial vehicles in Oman and other Middle Eastern countries. The partnership aims to collaborate on R&D, production, sales, and services for fuel cell vehicles, with a focus on promoting the hydrogen energy industry's internationalization. FTXT, a subsidiary of Great Wall Motor, will supply fuel cell technologies and vehicles, while Synergy Investments will oversee market development and localization operations. They plan to introduce hydrogen fuel cell vehicles in Oman within the next few years, supported by the development of a hydrogen energy infrastructure. This move is part of a broader strategy to diversify hydrogen energy applications in the Middle East. Additionally, FTXT and GWM recently signed a similar agreement with groups from Brazil's State of Minas Gerais to demonstrate hydrogen fuel cell vehicles and boost the regional hydrogen energy industry. FTXT showcased its latest high-power hydrogen fuel cell system and other technologies at IAA 2024 in Germany, highlighting its readiness to support various fuel cell-powered transport applications.
Topics
Automotive / Trucking
Partnership
Market Development
China
Fuel Cell Vehicles
Oman
R&D
Hydrogen Energy Industry
Internationalization
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