Baowu Magnesium and Shanghai Hydrogen Maple Energy signed a strategic cooperation agreement

In January 2024, Baowu Magnesium signed a strategic cooperation agreement with Shanghai Hydrogen Maple Energy Technology Co., Ltd. The two parties will conduct in-depth cooperation in the production, manufacturing and processing of magnesium alloy, the core raw material of magnesium-based solid hydrogen storage. This cooperation will help promote the advancement of magnesium hydrogen storage technology and the expansion of its application areas, improve the company's competitiveness and profitability, and further consolidate its leading position in the industry.