SHANGHAI :
Meijin Energy to Supply 83 Hydrogen Buses to Foshan for USD22.5 Million
Tang Shihua
DATE:  Dec 04 2019
/ SOURCE:  yicai
Meijin Energy to Supply 83 Hydrogen Buses to Foshan for USD22.5 Million Meijin Energy to Supply 83 Hydrogen Buses to Foshan for USD22.5 Million

(Yicai Global) Dec. 4 -- A unit of Chinese coke producer Meijin Energy recently clinched the bid to supply two fleets of hydrogen-powered buses to Foshan, Guangdong province.

The contract is worth CNY159 million (USD22.5 million), the Taiyuan, Shanxi province-based firm said in a statement yesterday.

Foshan Feichi Automobile Manufacturing, the subsidiary, which develops and produces hydrogen-fueled vehicles, allied separately with two local sales companies to snag these bids, the statement added.

The pair will deliver the buses to these two Foshan public transit firms. One purchase order for 42 vehicles is worth about CNY71.4 million, while the value of the other of 41 is CNY87.3 million, per the statement.

The announcement contained no technical details as to the buses.

Meijin's home is in coal-rich north-central Shanxi. During its manufacturing the company generates coke furnace gases that contain large amounts of hydrogen and so it can make enough low-cost hydrogen each year to meet the hydrogen demand of nearly 10,000 hydrogen fuel cell trucks, Meijin said.

The firm has also partnered with an energy investment company in Guangdong to set up a venture capital firm in September last year, which will invest in hydrogen energy and fuel cells, public data show.

With a population of about 7 million, Foshan, produces roughly half the world's refrigerators and air conditioners.

Editor: Ben Armour

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Keywords:   Supply Contract,Hydrogen-Powered Bus,New Energy Vehicle,Meijin Energy,Foshan