FORVIA and Sinopec Capital partner to accelerate hydrogen growth in China

FORVIA announces the minority investment in #FORVIA Hydrogen Solutions China, its hydrogen-focused subsidiary in China, by a strategic local investor through a capital increase of RMB 300 million (≈ €40 million). Sinopec Capital, China’s leading energy and chemical company and a major player in the hydrogen value chain, will join as an industrial partner, through its subsidiary Chaoyang Hydrogen New Energy Venture Capital fund.

Strengthening FORVIA Hydrogen Solutions China’s position

This transaction reinforces FORVIA’s commitment to optimizing its presence in the Chinese fast-growing hydrogen market—strongly backed by government policies. Bringing in a major player like Sinopec Capital, the leader in China’s hydrogen value chain, strengthens FORVIA Hydrogen Solutions’ position and open doors to key government contracts and industrial synergies.

China’s Hydrogen Market: A Unique Dynamic

The hydrogen energy sector has become a national priority in China, integrated into the national energy management system, alongside gasoline and natural gas, to speed ups industrialization. In 2024, China produced 36.5 million tons of hydrogen, up 3.5% from 2023, mainly for chemicals, with growing use in transport and steel. It is the world’s largest market for hydrogen fuel cell vehicles, with over 30,000 sold, and has built 559 refueling stations. The 2025 roadmap targets 500,000 hydrogen vehicles by 2030 and over 1 million by 2035, supported by subsidies, toll exemptions, and lower hydrogen prices. These advantages create growth and innovation opportunities for FORVIA Hydrogen Solutions China and FORVIA.

Value Creation and Growth Prospects

Thanks to this partnership with #Sinopec Capital, FORVIA Hydrogen Solutions China sets a clear roadmap for accelerated growth and value creation through an optimized supply chain (including carbon fiber, resins, etc).

Ma Chuan, Member of FORVIA’s Executive Committee, Executive Vice President, Faurecia China President, commented: “This partnership will accelerate FHS China’s access to public and private markets, improve cost competitiveness, to be leader in hydrogen solutions worldwide and consolidate FORVIA’s position as a key player in China’s energy transition.”

“China is at the forefront of the global energy transition, and hydrogen is a key enabler of sustainable mobility.

source : Forvia