China’s first hydrogen fuel cell industry park will be built in the economic and technological development zone of Wuhan, capital of central China’s Hubei Province.
With an investment of RMB 11.5 billion (USD 1.75 billion) from a Shenzhen-based high tech company, the projected industry park will focus on research and production of hydrogen fuel cells, according to authorities of Wuhan Economic and Technological Development Zone.
The development zone authorities say they hope the industry park will help form an industrial chain incorporating the research, manufacturing, and sale of hydrogen fuel-powered generators, develop and produce hydrogen fuel cells for coaches in cooperation with coachbuilders from other Chinese cities.
The industrial output value of the industry park is estimated to be RMB 35 billion (USD 5.34 billion) each year.
Wuhan, which is located in the middle reaches of the Yangtze River, is home to a number of carmaking companies, including Dongfeng Motor Corporation, one of China’s Big Four carmakers.