Dayang Electric takes a fancy to the fuel power battery market and enters the fuel power battery industry strongly

'The biggest demand for hydrogen fuel power batteries is in my country.' Xiong Jieming, Vice President and Secretary of the Board of Dayang Electric, is confident about the prospects of the hydrogen fuel industry. After taking a stake in Ballard, a world-leading hydrogen fuel cell company last year, Dayang Electric made a strong move into the fuel power cell industry. In July last year, Dayang Electric participated in the private placement of Ballard, the world's outstanding hydrogen fuel cell company, and obtained a 9.9% stake in Ballard, becoming its largest shareholder. Ballard is a Canadian company that began to develop fuel power cells in 1983 and is currently an important supplier of hydrogen fuel power cells in the world. In an interview with a reporter from Shanghai Securities News, Xiong Jieming revealed the latest progress of cooperation between the two sides: early this year, the two parties have reached an agreement on technology transfer and licensing. At present, the company's hydrogen fuel power battery experimental line in Zhongshan has been preliminarily completed, and industrialized operation has begun. Xiong Jieming also said: 'The company and Ballard are a strategic cooperative relationship and strongly support Ballard's technology research and development in hydrogen fuel power cells. The company does not rule out the possibility of continuing to increase its holdings in Ballard.' He said that Ballard is optimistic. The Chinese market also hopes to enter the Chinese market through cooperation with Dayang Motor. They believe that the biggest demand lies in my country. In accordance with Dayang Electric’s deployment, in the future, the company will carry out the integration of fuel power cell generators, and the integration of fuel power cell vehicle systems through subsidiaries and partners. At the same time, it will establish a fuel power cell research institute to research and develop fuel power cell related Key components and auxiliary systems. 'The industrial projects that have landed today are those in Liaocheng, Shandong.' According to Xiong Jieming's analysis, this year the company established a joint venture subsidiary with Zhongtong Bus in Liaocheng, Shandong to develop and process hydrogen fuel power battery systems and hydrogen fuel powertrain systems. At present, the processing and industrialization layout of Dayang Electric's hydrogen fuel power battery is mainly carried out in Shandong, Shanghai, Hubei and other places. The company plans to build a hydrogen fuel power battery processing base with an annual output of 17,000 units in Hubei, rely on its wholly-owned subsidiary in Shanghai to promote the integration of fuel power battery generators, and develop fuel power battery vehicle system integration through partners. As an earlier company in the fuel power cell industry, Dayang Electric is very optimistic about the future market promotion and use of fuel power cells. Xiong Jieming said that the national car sales in 2017 were around 29 million, but the proportion of new energy vehicles is still very small, and it is expected to be around 700,000 this year. However, combined with national planning and policy guidance, the direction of vehicle electrification is obvious. It is expected that the national vehicle sales will reach 35-40 million in the next 10 years, of which the proportion of new energy vehicles is expected to reach 40% to 50%, or 15 million. To around 20 million vehicles, the industry has great room for growth. 'We are optimistic about the new energy vehicle market including lithium-ion batteries and hydrogen fuel power batteries. Our goal is to maintain the industry's leading position and strive to occupy 20% to 30% of the market share.' Xiong Jieming said.