Recently, FORVIA Group disclosed that Sinopec Capital, the industrial capital investment arm of Sinopec, has committed a strategic investment of 300 million yuan (roughly equivalent to 40 million euros) in Faurecia (Shanghai) Hydrogen Energy Investment Co., Ltd. This investment is channeled through a hydrogen energy fund overseen by Sinopec Private Equity Fund Management Co., Ltd. The move is poised to bolster Faurecia Hydrogen Energy's market stance and empower it to better compete for pivotal government projects, while also fostering industrial collaboration.
