Plastic Omnium and Rein, a subsidiary of Shenergy Group, announce the creation of a 50/50 joint venture in Shanghai.

This company will produce and market Type III and Type IV2 high-pressure hydrogen storage systems for the Chinese commercial vehicle market.

This joint venture enables both partners to take full advantage of Plastic Omnium's technological leadership in the field of high-pressure hydrogen tanks, and to benefit from Rein's industrial footprint in the manufacture of hydrogen transport and storage systems dedicated to the Chinese market,' says the Group.

' This partnership will enable Plastic Omnium to enter a new phase of development in the Chinese market for hydrogen-powered commercial vehicles. We are equipping ourselves with the production capacities needed to seize every opportunity and become one of the big winners in the transformation of mobility ' said Laurent Favre, Plastic Omnium's Chief Executive Officer.

Copyright (c) 2023 CercleFinance.com. All rights reserved.