On September 9th, GWM Hydrogen FTXT and ITAIPU PARQUETEC officially signed a Memorandum of Understanding (MOU), commencing in-depth cooperation in the hydrogen energy field. The two parties will collaborate under a multidimensional "technology + application scenarios + talent" model, focusing on five key areas including joint R&D of hydrogen technologies adapted to the Brazilian market, localized infrastructure deployment, and the establishment of a shared laboratory to promote the hydrogen energy industry in Brazil and Latin America, thereby supporting the global transition to sustainable transportation.

This partnership with ITAIPU PARQUETEC marks a crucial step for GWM Hydrogen FTXT in expanding into the Latin American market. It also represents a key practice in integrating the "going global" of China's hydrogen energy technologies with local needs in Brazil. By doing so, the collaboration opens up a new avenue for Sino-Brazilian cooperation in the new energy sector, and jointly supports the global realization of the "dual carbon" goals.

About ITAIPU PARQUETEC

Itaipu Binacional is a transnational enterprise jointly established by the governments of Brazil and Paraguay. This unique transnational enterprise is responsible for operating the Itaipu Hydroelectric Power Plant, the world's second-largest hydropower station. With a total installed capacity of 12,600 megawatts and an annual power generation of up to 75 billion kilowatt-hours, the plant is second only to China's Three Gorges Hydropower Station.

Itaipu Parquetec, a key subsidiary of Itaipu Binacional, is dedicated to integrating technology and innovation into sustainable development projects. As a major player in global clean energy production, it is actively promoting the research and development of green hydrogen through its Innovation and Technology Division.

About GWM Hydrogen FTXT

GWM owns the largest-scale SUV and pickup truck manufacturer in China. It is the first Chinese automaker to join the International Hydrogen Council, and also the first Chinese automaker to release and define a global hydrogen energy strategy. In the new energy sector, GWM has established a development strategy featuring a three-pronged approach of hybrid, pure electric, and hydrogen energy, alongside the advancement of multiple technological routes.

As one of the key strategic layouts of Great Wall Motor Holdings Group in the new energy sector, GWM Hydrogen FTXT is committed to becoming a world-leading comprehensive service provider in the hydrogen energy industry. Relying on its core technological advantages in fuel cell systems, hydrogen storage equipment, and hydrogen refueling, it has formed an entire industrial chain layout covering "production, storage, transportation, refueling, and application". It has also accumulated rich commercial experience in the Chinese market, making it one of the "benchmark" enterprises in China's hydrogen energy and fuel cell industry.