Shanghai Jiading District People's Government and Johnson Matthey (Shanghai) Chemicals Ltd sign an investment intention agreement at a signing ceremony held at the 2023 "Invest in Shanghai, Share the future" Overseas Promotion Campaign (London, UK). [Photo/jiading.gov.cn]
The Shanghai Jiading District People's Government and Johnson Matthey (Shanghai) Chemicals Ltd signed an investment intention agreement worth 1 billion yuan ($139 million) on July 11 at an event held in London, the United Kingdom.
The event was part of the 2023 "Invest in Shanghai, Share the future" Overseas Promotion Campaign.
Johnson Matthey, a UK sustainable technologies company and a global leader in automotive three-way catalyst technology, plans to invest about 1 billion yuan in building a catalyst-coated membrane (CCM) "fuel cell chip" production line in Jiading, Shanghai, which is expected to greatly accelerate the technological iteration of hydrogen fuel cells.
At the event, Gao Xiang, the district mayor, shared about the district's development and business environment. Gao said Jiading boasts a technologically advanced automobile industry cluster and promised to provide more convenience for businesses.
The event was held to promote investment in Shanghai to businesses in the United Kingdom. Two key projects were signed at the event and the project between Jiading and Johnson Matthey is one of them.
Jiading District Mayor Gao Xiang gives presentations to showcase the district's development and business environment to businesses in the United Kingdom at the event. [Photo/jiading.gov.cn]