On October 19, 2020, Shanghai Fuel Cell Vehicle Powertrain Co., Ltd., a subsidiary of FTXT, signed the strategic cooperation agreement with Beijing NOWOGEN Technology Co., Ltd.
According to the agreement, the two parties will establish a long-term and stable strategic cooperative relationship and give full play to their respective industrial advantages, technological advantages and resource advantages. They will carry out mutually beneficial in-depth cooperation. By sharing market opportunities and jointly building operation scenarios, both parties will apply for pilot demonstration cities of fuel cell vehicles in various regions. In order to promote the local governments to act as a bridge and link, and jointly help the coordinated development of the Hydrogen energy industry in Beijing, Tianjin and Hebei. At the same time, they will carry out project demonstration cooperation in Shandong, Yangzhou and other regions where NOWOGEN has a dominant position.