Strategic investment of approximately €40 million strengthens FORVIA Hydrogen Solutions China’s position in a fast-expanding market.
FORVIA announced a capital increase of RMB 300 million (€40 million) in its hydrogen-focused subsidiary, FORVIA Hydrogen Solutions China, with Sinopec Capital joining as a minority investor and industrial partner. The move aims to accelerate growth in China’s hydrogen sector, which is backed by strong government policies and infrastructure development.
Sinopec Capital, through its Chaoyang Hydrogen New Energy Venture Capital fund, brings deep expertise and influence across China’s hydrogen value chain. The partnership is expected to unlock access to public and private markets, improve cost competitiveness, and create synergies in supply chain optimization, including carbon fiber and resin sourcing.
“This partnership will accelerate FHS China’s access to public and private markets, improve cost competitiveness,” said Ma Chuan, Executive Vice President at FORVIA. Sinopec Capital Chairman Ma Ming added that the investment aligns with Sinopec’s ambition to become “China’s No. 1 hydrogen company.”
FORVIA operates globally under its Clean Mobility division and sees China as a critical growth market for hydrogen technologies, positioning itself to lead in sustainable mobility solutions.
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