Doosan Fuel Cell is showing strong performance. It is believed to be influenced by the news of forming a hydrogen fuel cell business partnership with Shenyang City, China.
As of 2:27 PM on the 29th, Doosan Fuel Cell is trading at 20,150 KRW, up 12.01% compared to the previous day.
According to the industry, Doosan Fuel Cell signed a partnership for the Yungok Doosan Smart Hydrogen Energy Industrial Complex project with Shenyang City at the '2024 Korea-Shenyang Week' held in Seoul on the 24th. This event was held to commemorate the visit of Hao Feng, the top-ranked Party Secretary of Liaoning Province, China.
Liaoning Province is known to have set a goal to establish a hydrogen energy production, storage, and transportation base by 2025. Earlier this year, the world's first 4-seater aircraft powered by a hydrogen internal combustion engine (H2 ICE) successfully completed its maiden flight at Shenyang Pakuchaohu Airport.
Meanwhile, Doosan Fuel Cell supplied four 440kW hydrogen fuel cells to the Nanhai area of Foshan City in September 2021. The following year, it signed a contract with China's ZKRG to export 105 MW of hydrogen fuel cells.
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