On May 16 2020, SZCY Precision Tech announced that in order to meet the needs of future business development, it invested 100 million yuan to build a new hydrogen fuel cell metal plate research and development and production facilities.
Established in July 2001, SZCY Precision is a large-scale manufacturing enterprise that develops, produces, and sells smart terminal mobile phone components, new energy automobile components, industrial robots, and automation system integration.
SZCY Precision mentioned in the announcement that in 2019, hydrogen energy was explicitly written into the government work report for the first time. The company took a stake in Shanghai Hydrogen Power in September 2016. The company mainly develops hydrogen fuel stacks, while Changying Precision is mainly responsible for the required research and development of metal plates, and has basically mastered the key technologies of hydrogen fuel cell metal plates And it has formed a talent team of equipment configuration, process conditions and related technology development required for R & D and production. The prototype model developed by the company has been initially approved by some hydrogen fuel reactor companies and is undertaking related R & D tasks for major equipment customers in the country’s top industries.
SZCY Precision said that metal plates are one of the key components of hydrogen fuel cells, and the current cost in metal stacks accounts for nearly half. The metal plate business will have a positive impact on the company’s revenue and profits in the future. The company is actively carrying out strategic transformation. The company’s existing equipment and talents supporting the consumer electronics industry can be extended in the metal plate business and can play a greater role with less investment.
In addition, SZCY Precision has accumulated a number of high-quality OEM customer resources such as SAIC, Mercedes-Benz, BMW, and Geely in the power battery industry. These customers have strategic development plans for hydrogen energy battery vehicles and are potential customers for hydrogen power.