Voith and Weifu develop hydrogen storage.

Commercial vehicles Voith and Weifu develop hydrogen storage

2024-06-14 From Thomas Günnel | Translated by AI 1 min Reading Time

Voith and Weifu will jointly develop hydrogen storage in the future. Bosch is involved in the deal.

Voith is working with the Chinese supplier Weifu on storage systems for hydrogen.(Image: Voith.) — Voith is working with the Chinese supplier Weifu on storage systems for hydrogen.
(Image: Voith.)

Voith and Chinese supplier Weifu plan to jointly develop and manufacture hydrogen storage devices. For this, the companies are founding two joint ventures. One joint company is to serve the global market, excluding China. Voith is the majority owner with the "Voith HySTech GmbH". The subsidiary, located in Garching near Munich, Germany, has existed since April 2024, covering Voith's hydrogen-related activities.

The second joint venture for the Chinese market is led by Weifu. The two new companies are expected to be founded by the fourth quarter of 2024. The focus is on storage systems for heavy-duty traffic.

Bosch is involved in the agreement between Voith and Weifu. The supplier has been researching the development of hydrogen fuel cells with Weifu since the beginning of 2022 and has a stake in the Chinese company. Weifu has been developing components for hydrogen mobility for several years.

About the Weifu Group and Voith

The Weifu Group was founded in 1958. According to its own statements, the automotive supplier is one of the top 30 companies in the Chinese automotive industry. The company employs almost 8,000 people and primarily produces fuel vehicle systems such as fuel injection, exhaust aftertreatment, and engine air intake.

The Voith Group develops and manufactures plants, products, services, and digital applications for the energy, paper, raw materials, transport, and automotive markets. The company has been in existence since 1867 and currently employs around 22,000 people in over 60 countries. It is one of the largest family businesses in Europe and recently generated a turnover of 5.5 billion euros (approx. 5.9 billion USD).

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