ENXTPA:FRVIAAuto Components
The Bull Case For Forvia (ENXTPA:FRVIA) Could Change Following Sinopec Capital’s Hydrogen Partnership In China
Forvia has recently announced that Sinopec Capital will take a minority stake in its hydrogen-focused subsidiary, FORVIA Hydrogen Solutions China, through a RMB 300,000,000 (≈ €40,000,000) capital increase, adding an industrial partner across China’s hydrogen value chain.
This move gives Forvia a local ally with deep energy and chemical expertise, potentially improving its hydrogen unit’s access to Chinese public and private customers.
We’ll now examine how Sinopec Capital’s entry as a local...