Palcan Energy Corporation, a company that manufactures methanol fuel cell system plans to set up a wholly-owned production base in Ningbo Province(nearby Shanghai), China. It has taken the first step on June 8th, 2018, signing an agreement with Ningbo government at the ceremony of Ningbo International Investment Coorperation Conference.
The new factory is scheduled to break ground in 2018 with commercial operation expected to begin in 2019.The base will supply 50,000 sets of fuel cell system a year and the first modules will be used in the field of new energy logistics vehicles.
The fuel cell system produced by Palcan has the characteristics of energy conservation, environmental protection and economic efficiency. It not only meets the national energy strategy direction, but also meets the market development. It is the government's urgently needed pioneer in the field of fuel cells.