Weichai Power aims high in fuel cell compressor business
China DailyWeichai Power, a leading Chinese powertrain manufacturer based in Weifang, Shandong province, recently announced that it would cooperate with FISCHER Spindle Group, a company based in Switzerland. According to the cooperation agreement, Weichai Power will invest in the company's fuel cell compressor business and the two sides will open a joint venture in China in an effort to cultivate the world's leading manufacturer of fuel cell compressors. "With a history of nearly 100 years, FISCHER's fuel cell compressors are widely recognized for their high quality and excellent performance," said Tan Xuguang, chairman and CEO of Weichai Power. Tan said that cooperation between the two parties will bring their strengths into full play and provide important technical support for the future development of China's hydrogen fuel cell power systems. "Weichai Power, a leader in the commercial vehicle industry, and FISCHER, a leader in fuel cell compressor technology, will play to our respective advantages and continue to expand cooperation to become the world's leading manufacturer of fuel cell compressors."