Johnson Matthey Plc (LON:JMAT), or JM, said today it plans to build a multi-gigawatt-scale factory in China to produce some key components for fuel cell-based electric vehicles (EVs) and proton exchange membrane (PEM) electrolysers.
The British sustainable technologies company announced it has signed an investment agreement with the Jiading District in Shanghai for a catalyst coated membrane (CCM) production facility with an initial capacity of 5 GW and the potential for future expansion based on customer demand.
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Commenting on the project, district mayor Gao Xiang said the following: “Jiading District is a famous international automobile city and one of the earliest areas in China to develop a hydrogen industry. With the help of companies like Johnson Matthey, we are able to actively build a hydrogen technologies innovation hub and a national fuel cell vehicle demonstration city.”
The factory, which will be built in a designated hydrogen industrial zone, is expected to be operational in 2025.
