Today (September 30), Ballard Power Systems Company signed an investment agreement with the Anting Town People's Government. According to the agreement, Ballard Power Systems will establish a China headquarters, membrane electrode manufacturing plant and R&D center in Jiading, Shanghai, and plans to invest about US$130 million in the next three years.
Jiading District Party Secretary Lu Fangzhou attended the event and delivered a speech. Mai Kaiwen, President and CEO of Ballard Power System, attended the event in video format. The signing ceremony was hosted by Gao Xiang, deputy secretary of the district party committee and district mayor.
Lu Fangzhou, on behalf of the Jiading District Party Committee and District Government, expressed his welcome and congratulations to Ballard's official entry into Shanghai and settle in Jiading . He pointed out that friendship, culture and localization are principles that both of us adhere to. From January to August this year, the output value of the "new four modernizations" automobile industry in Jiading District achieved a year-on-year increase of 41.3%, demonstrating the resilience of Jiading's economic development. We strive to achieve a total output of hydrogen energy and fuel cell vehicles exceeding 100 billion yuan by 2025. Ballard is an internationally renowned manufacturer of key components of hydrogen fuel cell , and is in the world's leading position in the field of proton exchange membrane (PEM) fuel cell . The successful signing of the investment agreement this time is a win-win cooperation between strong and strong cooperation, which will further promote the high-quality development of the hydrogen energy and fuel cell automobile industry . Jiading District will provide the best business environment and the best government services, and fully support Ballard's development in China.
According to reports, the project is expected to be put into production in 2025. After reaching full production, the annual output of membrane electrodes in the Ballard Jiading factory can reach 13 million pieces, which is equivalent to providing membrane electrodes for about 20,000 modules each year. At the same time, the factory can assemble 600 modules per year in the future to support the production and sales of Ballard modules in the Chinese rail, ship, non-road and fixed equipment markets.
Balard was founded in Canada in 1979. It is a world leader in the development and promotion of proton exchange membrane (PEM) fuel cells. The company's main business is to design, develop, manufacture, and sell fuel cells, and provide maintenance and authorized operations. Its core business includes the production of thin-film electrode groups, integration and testing of fuel cell stacks, assembly and testing of power modules.
Lu Zufang, member of the Standing Committee of the District Party Committee and Executive Vice Mayor, and Huang Yanhui, President of Ballard Power Systems China, attended the ceremony. "Balard's new R&D and Innovation Center will be built in Jiading, which will focus on membrane electrode research to achieve key technological progress in the enterprise and participate in the rapidly developing local fuel cell materials and components supply chain in China," said Huang Yanhui.
Written by: Li Huacheng, Hu Xindong (correspondent)
Photography: Zhang Yang
Edited by: Wu Lirong
