On October 24th, the TangFeng Energy Membrane Electrode Industry Base (Phase II) project officially signed a contract to settle in the International Hydrogen Valley of Lingang New Area. Weng Kaining, Deputy Secretary of the Party Committee and President of the Group, Zhang Junliang, Founder of TangFeng Energy, Li Xiangcong, Deputy Director of the High tech Department of the Lingang New Area Management Committee, and Xi Juntong, General Manager of Jiaotong University Lingang, attended and witnessed the project signing together. Zou Linkun, Secretary of the Party Committee and Chairman of Lingang Fengxian Company, and Zhu Fengjuan, General Manager of TangFeng Energy, signed the contract on site.

        In order to thoroughly implement the national "dual carbon" goal, Lingang Group actively lays out a green and low-carbon track, creates an international hydrogen energy valley characteristic park, and has become the core carrier area of the hydrogen energy industry in Lingang New Area. The park is located in the high-end industry leading area of Lingang New Area, with a planned area of 1.55 square kilometers in the first phase. It was officially selected as the third batch of characteristic industrial parks in Shanghai in June 2022 and has become the core carrier area of the hydrogen energy industry in Lingang New Area. It is an international demonstration park dominated by the hydrogen energy industry and has gathered more than 30 upstream and downstream enterprises in the hydrogen energy industry chain. It has formed a layout of the entire hydrogen energy industry chain, including engine systems, core components, key materials, high-end equipment, scene applications, infrastructure, and testing and certification. It has built an industrial agglomeration area with independent innovation capabilities for core components of the hydrogen energy industry and a relatively complete hydrogen energy industry framework system with supporting functions such as hydrogen refueling station infrastructure.

        TangFeng Energy is a globally leading Shanghai high-tech enterprise that integrates the research and production of membrane electrodes and catalysts for fuel cells and hydrogen production through electrolysis of water. Through its independently developed high-performance low platinum membrane electrode products, it has taken the lead in achieving domestic substitution and is currently the only enterprise in China that can mass produce high-performance low platinum alloy membrane electrodes. The product's technical indicators have reached the world's advanced level, achieving a key technological breakthrough in the bottleneck of domestic hydrogen fuel cells.

        As one of the key achievements of deepening industry university research cooperation between Lingang Group and Shanghai Jiao Tong University, TangFeng Energy has maintained independent research and rapid development in recent years. The second phase industrial base project signed for settlement this time is expected to achieve an annual production capacity of over 5 million membrane electrodes after reaching production, which can be used for more than 13000 vehicles and become the backbone of the Lingang hydrogen energy core component industry chain.

        In the future, the park will further increase the concentration of key hydrogen energy enterprises and major projects, and create an important industrial base covering the entire industry chain of hydrogen fuel cell vehicle core components and hydrogen energy equipment, which will help Shanghai effectively promote the goal of forming a hydrogen energy industry scale of billions by 2025.

        Representatives from the High Tech Department of the Lingang New Area Management Committee, Lingang Fengxian Company, and TangFeng Energy participated in the signing ceremony, including Peng Bo, Managing Director of the Investment Department of the National Green Development Fund, Tian Huafeng, General Manager of Jinpu Intelligent, Shan Xiuhong, Chairman of Frontier Investment, Sang Weiying, Executive Director of Lingang New Area Private Equity Fund, Sun Zhenyang, General Manager of Shaanxi Coal Qinling Science and Technology Innovation Investment, as well as representatives from Yutong Group, Jiushi Investment, Gaoling Venture Capital, Jiuyi Investment, FAW Fusheng, Houxue Capital, and Shangyin International.