Coating service production for FTXT was ramped up at the Coating Service Center in Shanghai during 2024 following an official approval from the customer in April 2024 of Impact Coatings’ Premium FC coating for heavy duty fuel cell applications. The companies in September 2024, by signing a Letter of Intent, also initiated a development collaboration concerning fuel cell coating technology.
 
FTXT Energy Technology Co., Ltd. was established in 2019 by Great Wall Holding Group. Relying on global R&D centers in four countries, the company develops core products such as fuel cell engines and hydrogen storage cylinders. It has set up more than 1,000 demonstration projects to promote the diversified application of hydrogen energy and zero-carbon transformation. This includes hydrogen heavy-duty trucks for the Xiong’an New Area construction project in Hebei Province and hydrogen buses for the Shanghai Lingang District.