In collaboration with Changzhou City, a Hydrogen Innovation Center and Production Plant will be established.
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| Canadian Westport to invest up to $10 million in Changzhou Hydrogen Valley, China |
Westport Fuel Systems Inc., a global leader in low-emission alternative fuel technologies, announced today plans to expand its global manufacturing footprint in China to support future growth of Westport's hydrogen component business and other alternative fuel system technologies. Westport is targeting China for this manufacturing growth since the country is a global leader in hydrogen investment and infrastructure development. According to the investment agreement, the city of Changzhou will construct the new hydrogen research center and manufacturing facility in Changzhou Hydrogen Valley.
"For over 10 years, Westport's hydrogen fuel system components under the GFI brand have had a significant presence in the Chinese market. "These components serve both hydrogen fuel cell and internal combustion engine applications," stated David M. Johnson, CEO of Westport Fuel Systems. "Changzhou City is dedicated to becoming the capital of new energy industry. This makes them an excellent growth partner and provides the chance to build manufacturing excellence on a regional scale, which in turn helps our worldwide clients in driving the adoption of hydrogen as the primary low-emission transport solution." We are thrilled to be collaborating with Westport to build a cutting-edge hydrogen research center and production plant," stated Huan Heng, Deputy Mayor of Changzhou. "Changzhou Hydrogen Valley is a significant centre in the development of hydrogen-powered cars for China and the globe. We are delighted to welcome Westport, a global pioneer in hydrogen and alternative fuel solutions, as a partner and supporter of our expanding community of creative technology firms, and we look forward to our future growth together."
Westport and Changzhou will design and develop a state-of-the-art hydrogen fuel systems manufacturing facility and office space exclusively for Westport's advanced manufacturing needs, according to the conditions of the investment agreement. The Changzhou location will also house a contemporary innovation center that will continue to focus on hydrogen solutions in order to support Westport's aim of developing unique, specialized, and market-ready emissions reduction solutions. Westport's proposal to invest up to $10 million over the next decade will enable the development of proven hydrogen components to serve China's rapidly increasing number of hydrogen-powered cars on the road.
Westport's new plant, which is set to open in 2024, will supply crucial hydrogen components to the company's present and increasing client base, including commercial vehicles, buses, high-speed rail, material handling, stationary power production, and more. Westport's investment in Changzhou serves as a springboard for global developments in hydrogen technology.
What is Westport Fuel System
Westport Fuel Systems promotes innovation in order to ensure a greener future. For the worldwide transportation sector, we are a leading provider of modern components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen. Our technology delivers the performance and fuel economy required for transportation applications, as well as the environmental advantages required to combat climate change and enhance urban air quality. We serve clients in more than 70 countries with leading global transportation brands from our headquarters in Vancouver, Canada, and locations in Europe, Asia, North America, and South America. Westport Fuel Systems plans forward. For additional information, go to www.wfsinc.com.
Where is Changzhou City of China
Changzhou City lies in the heart of the Yangtze River Delta. It has a land size of 4,385 square kilometers and a population of 5.37 million people. Changzhou's GDP will reach 955 billion yuan in 2022, with a per capita GDP of more over $26,000. Changzhou City is well-known for cultural tourism due to its history and culture. It was declared China's happiest city in 2022. Changzhou, which ranks 16th among national advanced manufacturing cities, is a significant city and advanced manufacturing base in the Greater Shanghai, Suzhou, Wuxi, and Changzhou region.