BEIJING -- Great Wall Motor Co., China’s biggest maker of SUVs, plans to roll out its first hydrogen-powered SUV this year.
The company will also deploy its hydrogen-powered cars during the Winter Olympics in China next year, Zhang Tianyu, head of FTXT Energy Technology Co., a Great Wall subsidiary, said in the city of Baoding on Monday during a media briefing to outline the automaker’s hydrogen strategy.
Great Wall has invested 2 billion yuan ($305 million) over the past five years to develop hydrogen power-related technologies that can be used for vehicles as well as marine and rail transport, Zhang said. Founder Wei Jianjun added that Great Wall will invest another 3 billion yuan over the next three years and plans to become a top-three seller of hydrogen-powered automobiles by 2025.
“Development of the hydrogen-related industry will move forward as quickly as that for electric vehicles,” Wei said.
Great Wall has been stepping up spending to tr…