GWM’s focusses investments on the Chinese market and withdraws Memorandum of Understanding with H2 MOBILITY

Berlin, 1.2.2019 | Three months after announcing that GWM intends to become the seventh shareholder of H2 MOBILITY Deutschland, the Chinese carmaker announced a strategy change: As one of the leading Chinese SUV and pickup manufacturers, GWM has reorganized its hydrogen activities and now lays the development focus for the time being on FCEVs for the Chinese market, where the momentum for hydrogen is growing fast.

China is already the world’s largest car market and intends to become the world market leader in alternative drive systems and explicitly in the fuel cell technology.