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Bullboard - Stock Discussion Forum FormerXBC Inc XEBEQ

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification,... see more

GREY:XEBEQ - Post Discussion

FormerXBC Inc > China news
View:
Post by Magicmike67 on Jan 25, 2022 10:03pm

China news

·1 min read

SHANGHAI, Jan. 21, 2022 /CNW/ -- Jiading District in east China's Shanghai issued policies for promoting automobile industry development featuring electrification, automation, network connection and sharing on Wednesday at a conference, and an action plan was also released for accelerating development of hydrogen fuel cell vehicles, according to Jiading District Economic Commission.

Shanghai Hydrogen Propulsion Technology Co., Ltd.
Shanghai Hydrogen Propulsion Technology Co., Ltd.

Through efforts in upgrading its automobile industry, Jiading District has formed a solid industrial foundation and dynamic industry chains.

Leading players in the industry have gathered in the district to promote the development of automobile industry in the four key aspects of electrification, automation, network connection and sharing. This includes SAIC Volkswagen, Volvo, NIO, Li Auto, Horizon Robotics, Shanghai Hydrogen Propulsion Technology, etc.

Jiading District has also gained nationwide leading advantage in terms of providing supporting facilities for the automobile industry, with major projects such as China's only international pilot zone for electric vehicles, China's first pilot zone for intelligent connected vehicles (ICVs) approved by the Ministry of Industry and Information Technology, China's first fixed hydrogen refueling station with the longest record of safe operation period, etc.

In the future, the district will further expand its strength in automobile industry by bringing its innovation, service and resources to a higher level, striving to grow increasing global competence and generate more new technologies and standards for the industry.

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Comment by robert41 on Jan 25, 2022 10:17pm
Thx for posting Mike, having our foot in the door for growth in China should be an advantage nothing concrete yet but the fact that xebec does business with them already has to help. 
Comment by tamaracktop on Jan 26, 2022 7:45am
Uhmmm. Foot in the door? Shenergy is a State-owned entity. The Chinese government in Shanghai owns a 40% equity interest in Xebec China as a result  of a share-for debt swap. I think they did it about 4 years ago. If you go through the news releases back then it shouldn't be hard to find.
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