Voith Group, a German technology firm, has partnered with Wuxi Weifu High-Technology Group Co.,Ltd. to advance hydrogen storage systems through two new joint ventures. One JV, majority-owned by Voith, targets the global market (excluding China), while the other, majority-owned by Weifu, focuses on China. The partnership leverages Weifu's expertise in automotive applications and market access in China. Voith CEO Toralf Haag highlighted the collaboration's potential to accelerate hydrogen technology development. Bosch Hydrogen Energy, a strategic partner with Weifu since 2022, facilitated the agreement.
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