FORVIA announced that Sinopec Capital — the investment platform under Sinopec — has made a CNY 300 million (about 40 million euros) strategic investment in Faurecia Hydrogen Investment (Shanghai) Co., Ltd. ("Faurecia Hydrogen"). The investment was made through the Chaoyang Hydrogen New Momentum Venture Capital Fund (the "Hydrogen Fund"), which is managed by Sinopec Private Equity Fund Management Co., Ltd., a Sinopec subsidiary.
Image: Faurecia China
Hydrogen, as one of the core tracks in clean energy, is entering a phase of rapid global expansion. China has elevated hydrogen to a national energy strategy, naming it a strategic emerging industry and a key pillar of future industries.
In 2024, China's hydrogen production reached 36.5 million tonnes, up 3.5% from 2023. Most of it goes to the chemicals sector, while usage in transportation and steelmaking is steadily increasing. China remains the world's largest single market for fuel-cell vehicles, with cumulative sales topping 30,000 units; nationwide, 559 hydrogen refueling stations have been built. According to the Energy-saving and New-Energy Vehicle Technology Roadmap released by the China Society of Automotive Engineers in 2025, China plans to have 500,000 fuel-cell vehicles on the road by 2030 and exceed 1 million by 2035, supported by subsidies, highway toll reductions, and measures to lower hydrogen prices.
Since 2020, Sinopec has targeted the full hydrogen value chain, aiming to build "China's No. 1 hydrogen company." Focusing on Sinopec's industrial layout, Sinopec Capital has invested in 13 companies across the hydrogen value chain. As a key deployment in hydrogen for Sinopec Capital, the Hydrogen Fund is the largest investment fund in China dedicated to the hydrogen industry chain.
Faurecia moved early to build its presence in China's hydrogen market, acquiring Shenyang Slinda Safety Technology Co., Ltd. in 2021 to officially launch its local hydrogen business. It has since stepped up investment, establishing R&D centers in Shanghai and Shenyang, and taking controlling stakes in multiple hydrogen storage cylinder manufacturing sites. Bringing in Sinopec Capital is set to strengthen Faurecia Hydrogen’s market positioning and improve its ability to win priority government projects and drive industrial synergies.
Through its collaboration with Sinopec Capital, Faurecia Hydrogen has laid out a clear roadmap to accelerate growth and create value by optimizing its supply chain — including carbon fiber, resins and more.
