VANCOUVER, BRITISH COLUMBIA – August 18, 2022 – A nine-member delegation of the Chinese Ambassador to Canada, H. E. CONG Peiwu visited the headquarters of Loop Energy™. President & CEO, Ben Nyland, and the leadership team greeted and extended a warm welcome to Ambassador’s visit.
During the visit, the team showed Ambassador Cong the manufacturing facility, introduced its fuel cell technology and discussed the rapidly evolving hydrogen industry and Loop Energy’s plans for expansion. Following the tour, the Ambassador and his delegation held a video conference with the management team of Loop Energy Shanghai. President, Quan Hu reported the company’s investment and facility construction in China and exchanged views with Ambassador Cong on the market prospect in China and the current business expansion.
As the world’s second-largest economy, Loop Energy sees incredible value and potential in China’s hydrogen-electric vehicles market. In 2021, Loop Energy Shanghai, a wholly owned subsidiary was established in Jiading, Shanghai, which is dedicated to providing zero-emission fuel cell solutions to Chinese OEMs. Loop Energy Shanghai is currently constructing a progressive automated fuel cell stack and system assembly line. As of Phase 1, the facility is more than 3,000 square metres following over 50 million RMB in investment. Following Phase 1, Loop Energy Shanghai will have a manufacturing capacity of 3,000 fuel cell modules a year and 1,000 fuel cell systems a year.
Ambassador Cong said, “Achieving carbon peaking and carbon neutrality is a solemn commitment made by China to address global climate change. The Chinese government attaches great importance to the development of new energy industry, including hydrogen and fuel cells. China has issued a series of policies from the central to the local governments to support and encourage the innovation and development of this industry. China welcomes Canadian companies, including Loop Energy, to develop locally in China. We hope that the company can seize the opportunity, continue to develop its own advantages, and jointly promote China-Canada economic and trade relations to a higher level.”
Loop Energy President & CEO, Ben Nyland said, “China has its economy developed continuously and steadily in recent years, the economic growth rate has been at the forefront of the world. We are very optimistic about the China market, especially the new energy market. For the further development in the near future, we will keep on strengthen the connection with the government and all parties in the industry chain, deeper the localization process, and contribute to the greater development of economic and trade cooperation between China and Canada.”
About Loop Energy Inc.
Loop Energy is a leading designer and manufacturer of fuel cell systems targeted for the electrification of commercial vehicles, including light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature the company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ is designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.
About Loop Energy Shanghai
Loop Energy Technologies (Shanghai) Co., Ltd. was established in 2021 in Jiading Industrial Zone, Shanghai, as a wholly owned subsidiary of Loop Energy. With the experience and patented technologies in the hydrogen fuel cell industry, Loop Energy Shanghai is actively expanding into the Chinese market and is committed to providing zero-emission fuel cell solutions to Chinese customers.
Source: Loop Energy Shanghai
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