WUHAN, Dec. 24 (Xinhua) -- China's first hydrogen fuel cell industry park will be built in the economic and technological development zone of Wuhan, capital of central China's Hubei Province.
With an investment of 11.5 billion yuan (about 1.75 billion U.S. dollars) from a Shenzhen-based high tech company, the projected industry park will focus on research and production of hydrogen fuel cells, according to authorities of Wuhan Economic and Technological Development Zone.
The development zone authorities say they hope the industry park will help form an industrial chain incorporating the research, manufacturing, and sale of hydrogen fuel-powered generators, develop and produce hydrogen fuel cells for coaches in cooperation with coachbuilders from other Chinese cities.
The industrial output value of the industry park is estimated to be 35 billion yuan each year.
Wuhan, which sits on the middle reaches of the Yangtze River, is home to a number of car-making companies, including Dongfeng Motor Corporation, one of China's Big Four car-makers.