Great Wall Holdings, HBIS Group form cooperation on building green low-carbon industrial chain

Shanghai (Gasgoo)- On June 12th, Baoding Great Wall Holdings Co., Ltd. (“Great Wall Holdings”) and HBIS Group Co., Ltd. officially signed a strategic cooperation agreement for jointly building a green and low-carbon industrial chain.

Through the partnership, both parties will deeply implement the national "dual carbon" strategy, establish a green and low-carbon supply chain, jointly develop the hydrogen energy industry ecosystem, and promote the green and low-carbon transformation of the automotive steel industry chain.

Photo credit: FTXT

Under the agreement, the duo will fully leverage their regional and industrial resource advantages, focusing on the construction of supply chain ecosystems and new energy industry chain ecosystems, and carry out comprehensive and in-depth cooperation in multiple fields.

In terms of the supply chain ecosystem, the two companies will jointly establish a platform for technological innovation and R&D of automotive steel materials, promote cooperation in the field of low-carbon steel for automobiles, and build a green and low-carbon steel industry chain ecosystem.

Regarding the new energy vehicle industry chain ecosystem, FTXT Energy Technology Co., Ltd. (referred to as “FTXT”), as the main carrier of hydrogen energy industry under Great Wall Holdings, will join hands with HBIS Group to develop hydrogen energy resources and application scenarios in the Beijing-Tianjin-Hebei region. Besides, they will build an ecological control platform for new energy vehicles, create a zero-carbon logistics solution for the Beijing-Tianjin-Hebei region, and jointly develop high-end hydrogen energy equipment and core technologies. These efforts aim to accelerate the demonstration and promotion of hydrogen energy applications.

Previously, FTXT, IF YOU (a digital solution provider backed by Great Wall Motor), and HBIS Group have already signed a strategic cooperation agreement, integrating the advantages of the three parties' commercial operation platforms, complete operational plans, and resources such as hydrogen fuel cells, hydrogen storage, and heavy-duty truck manufacturing technology. They have successfully commercialized the "Tangshan Port-Qinhuangdao" hydrogen-powered heavy truck transportation line, providing a green transportation solution for low-carbon production and exploring an economically viable and replicable development path for new energy logistics transportation.