Xinyan Hydrogen Energy

What Xinyan Hydrogen Energy does

Xinyan Hydrogen Energy (新研氢能) is a Beijing-headquartered, privately-held hydrogen fuel cell technology company founded in May 2017, focused on the design, development, and manufacture of metal bipolar plates, fuel cell stacks, stack modules (up to 220kW), and complete fuel cell power systems for commercial vehicles, drones, marine vessels, and emergency backup power. Its core technology is centered on ultra-thin metal bipolar plates and an in-house automated production line spanning seven processes (stamping, cleaning, welding, coating, sealing, stacking, packaging) with nameplate annual capacity of 1,000 fuel cell stack sets. The company operates a four-subsidiary, hub-and-spoke model: Beijing Xinyan Chuangneng handles metal bipolar plate and stack R&D; Dalian Qingyan conducts fuel cell system and test platform development; Datong Xinyan and Chengdu Xinyan (est. 2022) serve as mass production bases for stacks and vehicle systems, with the Chengdu subsidiary functioning as Southwest headquarters.

The commercial model is B2B direct sales to vehicle OEMs (Dongfeng Special Vehicle, Suzhou Jinlong, Zhongtong Bus, Xiamen Jinlu, Shudu Bus) with strategic multi-year volume commitments — including a 500-vehicle deal with Dongfeng Special Vehicle (May 2022) and a 500-bus, three-year deal with Suzhou Jinlong (July 2023). Channel partners include fleet operators (Gantang Chuxing) and forklift OEMs (Hangcha). Revenue is generated primarily through hardware sale of stacks, modules, systems, and testing platforms, with quote-based B2B pricing and no publicly disclosed pricing. The company is positioned within China's state-supported hydrogen demonstration ecosystem, holding military-grade (GJB 9001C), ISO 9001/14001/45001, and Zhongguancun standards certifications, and is led by CTO Qi Zhigang, an '863 Program' Chief Expert who led the development of IEC 62282-4-202:2023 and contributed to over 60 published IEC standards. In August 2022 it closed a Series A financing of approximately RMB 150 million led by Beijing E-town state-owned fund, with proceeds allocated to facility buildout, R&D expansion, product upgrades, and market development.

Name

Xinyan Hydrogen Energy

Legal name

新研氢能源科技有限公司

Website

https://innoreagen.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Beijing-based Xinyan Hydrogen Energy, founded in 2017, develops and manufactures metal bipolar plates, hydrogen fuel cell stacks, and complete 60-200kW fuel cell systems sold to commercial vehicle OEMs in China for buses, logistics vehicles, heavy-duty trucks, drones, and backup power applications.

Ownership category

akta.pro rank

Product category

Hydrogen Fuel Cell Technology

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (33361)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)

akta.pro secondary industries

Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK), Fuel Cell Distributed Generation (Hydrogen/Natural Gas SOFC/PEM) (EUACALAK), Hydrogen CHP (Fuel Cell & H2-Ready Turbines) (EUACAKAF)

Keywords

• Hydrogen fuel cells
• Metal bipolar plates
• Fuel cell stacks
• Fuel cell systems
• Hydrogen energy technology

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Revenue model

1. Fuel Cell Products Sales: Sale of fuel cell stacks, modules, systems, and testing platforms. The company develops, manufactures and sells metal bipolar plates, fuel cell stacks, fuel cell engine systems, and fuel cell testing equipment for various applications including vehicles, UAVs, ships, and backup power.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Xinyan Hydrogen Energy designs, manufactures, and sells hydrogen fuel cell technology products, including ultra-thin metal bipolar plates, fuel cell stacks (air-cooled and water-cooled, watt to hundreds of kilowatt level), stack modules, complete vehicle fuel cell systems, fuel cell test platforms, hydrogen fuel cell UAVs, and hydrogen fuel cell mobile emergency power supplies. The company operates four subsidiaries in Beijing, Dalian, Datong, and Chengdu covering R&D and mass production.

Product overview

Xinyan Hydrogen Energy (新研氢能源科技有限公司) is a hydrogen energy and fuel cell technology company founded in 2017, developing, manufacturing, and commercializing fuel cell stacks, fuel cell systems, and testing platforms. The product portfolio centers on metal plate fuel cell technology, encompassing fuel cell stacks ranging from 2kW air-cooled units to 220kW water-cooled stacks; stack modules including 110kW and 115kW models with dual-stack configurations up to 200kW; INRG-P and INRG-E series vehicle fuel cell systems (60–200kW) for buses, logistics vehicles, heavy trucks, and commuter vehicles; hydrogen fuel cell UAVs including six-rotor and four-rotor industrial models with world-record 331-minute flight endurance; hydrogen fuel cell mobile emergency power supplies (200kW rated output); fuel cell stack test platforms (150kW+); and supporting accessories including multi-channel single-cell voltage inspection boards and system controllers. The company has four subsidiaries: Beijing (metal plate and stack R&D), Dalian (system and test platform R&D), Datong (mass production base), and Chengdu (Southwest headquarters and mass production base), with an automated production line in Datong capable of 1,000 stack sets per year.

Differentiator

Problem solved

Functional benefit

Brands

• INRG系列: 车用燃料电池系统产品系列
• INRG-E系列

Products and services

• Fuel Cell Stacks (燃料电池电堆)

Quantifiable outcome

• World record: 331 minutes continuous outdoor flight by hydrogen fuel cell UAV (2019)
• +3 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

14 partnerships are on record, tiered minor and core.

• Xiamen Kunlun投科技开发有限公司minorStrategic or Co-development Partner · 11 April 2024Xiang'an company established in Xiamen for regional hydrogen energy market development.
• Baidu (百度)minorChannel Partner/ Reseller/ Distributor · 14 March 2024Delivery of 30 hydrogen fuel cell buses for Baidu employee commuter service in Beijing. Partnership through Suzhou Jinlong and Gantang Chuxing.
• Datong University (山西大同大学)minorStrategic or Co-development Partner · 13 March 2024School-enterprise cooperation signed with Datong University Chemistry and Chemical Engineering School. Established employment internship practice base for hydrogen energy technology R&D, talent cultivation, and industry-academia-research cooperation.
• Hangcha (杭叉)coreChannel Partner/ Reseller/ Distributor · 27 December 2023Partnership with Hangcha and Yifeng Chuangneng (翼迅创能) for hydrogen fuel cell forklift deployment. First 3.5T balanced forklifts delivered to Fengshun Logistics for Coca-Cola warehouse operations in Sichuan.
• Sichuan Energy Investment (四川能投/四川省能源投资集团)minorStrategic or Co-development Partner · 27 July 2023Meeting held between company chairman and Sichuan Energy Investment delegation to discuss hydrogen energy industry development models and cooperation opportunities in hydrogen stations and fuel cell vehicles.
• Gantang Chuxing (赶趟出行)coreGTM or Marketing Partner · 25 July 2023Fleet operator partnership for hydrogen fuel cell bus deployment and operation in Beijing Economic Development Zone. First batch of 20 hydrogen buses deployed for commercial commuter service.
• Suzhou Jinlong (苏州金龙)coreStrategic or Co-development Partner · 3 July 2023Strategic partnership signed July 2023 for hydrogen fuel cell bus R&D and sales. Target of 500 vehicles over 3 years (2023-2025). Combined company fuel cell systems with Jinlong's intelligent bus technology and national market channels.
• Beijing University of Science and Technology (北京科技大学)minorStrategic or Co-development Partner · 23 March 2023School-enterprise cooperation signed March 2023. Company donated RMB 500,000 for 'Xinyan Hydrogen Energy Talent Scholarship' for students in School of Mathematics and Physics. Also established joint innovation laboratory, student internship base, and talent cultivation cooperation base.
• Dongfeng Special Vehicle (十堰) Co., Ltd. (东风特汽)coreStrategic or Co-development Partner · 17 May 2022Strategic cooperation agreement signed May 17, 2022 for joint development and promotion of 500 hydrogen fuel cell vehicles in multiple application areas. Dongfeng Special Vehicle (十堰) is a subsidiary of Dongfeng Motor Group, specializing in new energy buses and special purpose vehicles with 300,000 sqm production base.
• Zhongtong Bus (中通客车)coreChannel Partner/ Reseller/ Distributor · 1 February 2022Supplied 41kW fuel cell systems for 22 units of 9-ton fuel cell logistics vehicles. Also provided 4 fuel cell testing platforms. Vehicles have been operating in Datong for over two years.
• Shudu Bus (蜀都客车)coreChannel Partner/ Reseller/ Distributor · 1 January 2022Partnership with Shudu Bus for hydrogen fuel cell bus deployment in Chengdu Xindu District. Won competitive bidding for hydrogen fuel cell bus project.
• Bosch Hydrogen Power (博世氢动力)coreStrategic or Co-development Partner · 1 January 2022Strategic cooperation to build industry chain advantages through complementary capabilities in hydrogen fuel cell technology and systems integration.
• Taiyuan Iron and Steel (太钢/山西太钢不锈钢精密带钢有限公司)coreStrategic or Co-development Partner · 1 January 2020Strategic cooperation signed during 2020 Shanxi Science and Technology Week for metal bipolar plate development. Focus on metal substrate material selection and forming technology support for hydrogen fuel cell stacks.
• Xiamen Jinlu (厦门金旅)coreChannel Partner/ Reseller/ Distributor · 1 January 2018Joint development of 8.5m hydrogen fuel cell buses listed in MIIT catalogue. 50 fuel cell buses deployed in Datong operating for over two years with full performance validation.

Scale indicators7 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• SinoHytec (亿华通): Beijing-based hydrogen fuel cell engine and stack maker, the leading listed Chinese FCEV system supplier to vehicle OEMs including buses and trucks. Directly competes with Xinyan Hydrogen Energy for the same commercial-vehicle OEM contracts in China.
• REFIRE (重塑科技): Shanghai-based hydrogen fuel cell system and stack developer focused on commercial vehicles (buses, trucks, forklifts), with deployment across multiple Chinese cities. Competes head-to-head with Xinyan for OEM integrations and demonstration city programs.
• Shenzhen Sinocat (深圳国氢): Chinese PEM fuel cell catalyst and stack component maker targeting commercial vehicle and stationary applications. Directly comparable to Xinyan in metal plate stack technology and vehicle OEM supply in China.
• Shanghai Shenli Technology (上海神力科技): Early Chinese PEM fuel cell stack manufacturer supplying commercial-vehicle and stationary applications, with longstanding OEM relationships. Comparable to Xinyan as a domestic competitor focused on PEM stacks and module integration for Chinese transit and logistics fleets.

Broad incumbents

• Bosch Hydrogen Power (博世氢动力): Global Tier-1 automotive supplier's Chinese hydrogen fuel cell division; both a strategic cooperation partner of Xinyan and a competitor, supplying complete hydrogen powertrain systems to commercial-vehicle OEMs in China with much greater scale and balance sheet.
• Ballard Power Systems: Canadian proton exchange membrane fuel cell company supplying stacks and modules for buses, trucks and trains globally. Comparable to Xinyan through its metal plate PEM stack technology and licensing model in China.
• Plug Power: US-based hydrogen fuel cell system and green hydrogen infrastructure provider focused on material handling and mobility. Comparable to Xinyan as a PEM fuel cell stack/system supplier with multi-MW product ambitions and forklift/mobile power use cases similar to Xinyan's emerging forklift line.
• Cummins Accelera: Cummins' zero-emissions business unit offering fuel cell powertrains (including via its hydrogen fuel cell joint ventures) for transit buses, trucks and rail. Comparable to Xinyan as a global automotive power supplier moving into PEM fuel cell drive systems for commercial vehicles.
• Hyundai Motor Group (HTWO): Through its HTWO hydrogen fuel cell brand, Hyundai operates one of the world's largest FCEV programs including fuel cell systems for heavy-duty trucks and buses. Comparable to Xinyan as a vertically integrated fuel cell stack and vehicle system player.

Emerging players

• Vision Fuel Cell (锋源氢能): Chinese hydrogen fuel cell system developer serving commercial vehicles and industrial applications, headquartered in Zhejiang. Comparable to Xinyan as a China-focused emerging competitor targeting 30-120kW class stacks for buses, trucks and forklifts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xinyan Hydrogen Energy