Source | Forvia, Hydrogen Park in Jiading District Shanghai

Forvia (Nanterre, France) announces that Sinopec Capital (Beijing), a leading energy and chemical company in China and a major player in the hydrogen value chain, will invest 300 million (≈€40 million) in Forvia Hydrogen Solutions China (FHS China, Shanghai), its hydrogen-focused subsidiary in China, and also join as an industrial partner through its subsidiary Chaoyang Hydrogen New Energy Venture Capital fund.

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

“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.” — Ma Chuan, member of Forvia’s executive committee, executive VP, Faurecia China president

This transaction reinforces Forvia’s commitment to optimizing its presence in China’s fast-growing hydrogen market, strongly backed by government policies. As a reported leader in China’s hydrogen value chain, Sinopec Capital strengthens FHS China’s position and opens doors to key government contracts and industrial synergies.

The hydrogen energy sector has become a national priority in China, integrated into the national energy management system, alongside gasoline and natural gas. 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 reported to be the world’s largest market for hydrogen fuel cell vehicles, with more than 30,000 sold, and has built 559 refueling stations.

China’s 2025 roadmap targets 500,000 hydrogen vehicles by 2030 and more than 1 million by 2035, supported by subsidies, toll exemptions and lower hydrogen prices. These advantages create growth and innovation opportunities for FHS China and Forvia.

“Sinopec is committed to becoming ‘China’s No. 1 hydrogen company.’ Sinopec Capital and its Hydrogen New Energy Venture Capital fund will pursue equity investment partnerships with leading hydrogen enterprises around this goal. Through the investment in FHS China, we aim to further deepen business collaboration between our two groups, achieve win–win outcomes across multiple sectors and contribute to the development of the global hydrogen industry.” — Ma Ming, chairman of Sinopec Capital.