| November 18, 2019
AIWAYS signed a Project Cooperation Agreement with the People’s Government of Gaoping City in Shanxi, China to build a methanol fuel cell production facility in the city. In a bid to further accelerate the commercialization of methanol fuel cell vehicles, AIWAYS will produce 80,000 methanol hydrogen fuel cell power systems annually at the new facility, for application in future vehicles.
The agreement was signed by Fu Qiang, President and Co-Founder of AIWAYS and Yuan Jian, the Mayor of Gaoping City, during the Chinese International Import Expo (CIIE). The parties agreed to cooperate in the commercialization of the methanol fuel cell system jointly developed by AIWAYS and Blue World Technologies – a Danish developer and manufacturer of methanol fuel cell components and systems for the automotive industry.
Speaking after the signing ceremony, Fu Qiang said: “Methanol fuel cell technology is an important part of AIWAYS’ automotive energy and vehicle development plan and the agreement with Gaoping is a big step towards bringing the technology to market. With Gaoping’s pedigree in methanol fuel development, the city has the potential to be a key production base for us as we expect the technology to make a significant contribution to the decarbonization of the automotive industry.”