China Baowu Steel Group and SAIC Motor penned a comprehensive cooperation framework agreement yesterday to broaden their cooperation in comprehensive solutions for automotive materials, hydrogen energy utilization and industrial finance, SAIC announced on its WeChat account yesterday. The two Shanghai-based companies will jointly build a national-level hydrogen energy industry demonstration zone and 10 to 20 hydrogen stations in the enclave by 2025, per the agreement. Baowu will bring to bear its hydrogen energy industry chain advantages and provide guarantees and services for SAIC’s hydrogen consumption divisions, including research and development of fuel cell stacks, systems and car rentals. It will also provide SAIC with or coordinate specific scenarios for fuel cell vehicle pilots and supply supporting facilities that include the hydrogen energy re-filling facilities required for vehicle operation. SAIC will take charge of the R&D of fuel cell vehicles and mass production plan...