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Breaking News: Changchun Zhiyuan joins forces with Shenhydrogenchen, forming a powerful partnership to pioneer a new growth trajectory in the Lingang new-energy industry.

On December 5, 2021, Changchun Zhiyuan New Energy Equipment Co., Ltd. and Jiangsu Shenhanchen Technology Co., Ltd. held a signing ceremony for an equity investment cooperation agreement, aiming to deepen their multi‑faceted, multi‑level collaboration in the hydrogen energy sector and to position themselves on the emerging track of the Lingang new‑energy industry. Attending the ceremony were Zhang Shaofeng, Member of the Standing Committee of the Jiangyin Municipal Party Committee, Deputy Secretary of the Party Working Committee and Deputy Director of the Management Committee of the Jiangyin Lingang Economic Development Zone; Jiang Cheng, Deputy Director of the Management Committee of the Lingang Development Zone; Zhang Yuan, Chairman of Changchun Zhiyuan New Energy Equipment Co., Ltd.; Zhang Guoping, Chairman of Shenda Group Co., Ltd.; Xu Nan, General Manager of Jiangsu Shenhanchen Technology Co., Ltd.; as well as other distinguished guests.

Release Date:

2021-12-05

　　Zhang Shaofeng, on behalf of the Party Working Committee and the Management Committee of the Lingang Development Zone, extended his congratulations to the two companies on their strategic partnership, and provided a brief overview of Lingang’s “123” modern industrial system, with particular emphasis on the development of its hundred-billion‑yuan‑scale new‑energy industry. He stated that the two sides are committed to sincere cooperation, heralding a promising future. Supported by the combined momentum of wind, solar, and hydrogen energy, Lingang’s efforts to build a new‑energy industry worth hundreds of billions of yuan hold vast potential. The powerful alliance between Changchun Zhiyuan and Shenhydrochen will not only enable Shenhydrochen to deepen and refine its expertise in the hydrogen‑energy sector but also allow it to leverage Changchun Zhiyuan’s extensive market resources in the industry, jointly paving the way for new growth opportunities.

　　Changchun Zhiyuan

　　Changchun Zhiyuan is a high-tech enterprise whose mission is to become China’s leading manufacturer and pioneer of on‑board LNG fueling systems. The company specializes in the design and manufacture of LNG fueling system modules and metal containers, serving major domestic automakers and construction‑equipment manufacturers. On April 29 this year, it successfully listed on the ChiNext Board of the Shenzhen Stock Exchange. With more than two decades of deep immersion in the automotive industry, the company has amassed extensive market resources and invaluable experience in industrial operations.

　　Shen Hanchen

　　Shenhydrogen Chen was founded in April 2020 and is headquartered in the Lingang Science and Technology Park. As a high-tech enterprise, it aims to become a leading global supplier of core components for fuel cells and solid oxide fuel cell systems. Its primary business includes the development and manufacturing of key components for hydrogen proton exchange membrane fuel cells, as well as the provision of major parts for the solid oxide fuel cell market, with an annual production capacity of 10,000 sets. The second phase of the project has been signed and located in Lingang, with a planned total investment of RMB 200 million. Upon reaching full production, the facility will achieve an annual capacity of 300,000 sets and generate annual sales of RMB 2 billion.

　　This time, Changchun Zhiyuan, as an industrial investor, has injected capital into Shenhydrogen Chen, enabling the full integration of both parties’ strengths, consolidating core competitiveness, expanding the new‑energy product portfolio, and enhancing market influence. By sharing resources and leveraging complementary advantages, they will jointly develop the hydrogen‑fuel‑cell vehicle and hydrogen fuel cell markets, collaboratively build an industrial platform for critical components in the new‑energy vehicle sector, and inject fresh momentum into Lingang’s “123” modern industrial system.