Together, Allgrand and Siqens will enter the Chinese market with the intention of replacing diesel generators and increasing the independence and range of commercial electric vehicles. The MOU signing took place during the Hebei province economy and trade symposium in Berlin on November 23, 2018. The companies will enter a sales cooperation that targets telecommunication and commercial electric vehicles markets. This can lead to a joint venture that includes local production of Siqens methanol fuel cells. Allgrand is one of China’s top battery manufacturers focussing on solar energy storage, motive power, UPS and standby power and telecoms applications.
The symposium participants included Siemens, Mercedes Truck & Bus China as well as leading German research institutes. Political support was present in the form of Zhu Haowen, Secretary General of the Hebei Provincial Government who delivered a supportive speech on the future of economic development in the province. Wang Weidong, a minister from the Chinese Embassy in Germany addressed the meeting and fostered closer cooperation.
Oliver Meng, CEO of Allgrand – also known as Hebei Aoguan Power Source Co., Ltd. – highlighted the considerable market potential for fuel cell technology in China. China is ready and willing to combat air pollution with clean and cost effective power sources. Enter Siqens’ Ecoport fuel cell as a battery charger for off-grid applications and range extender in electric vehicles. Fuel cell technology is a suitable addition to Allgrand’s product portfolio.
For Siqens, the partnership is a further proof of the viability of entering the Chinese market to provide clean and affordable electricity. Allgrand has access to key market segments making a roll out of commercial projects likely next year.