In recent years, the state has given strong support to the development of the fuel cell industry. The preferential policies have attracted more and more enterprises to start or increase the layout of the fuel cell industry. Recently, the materials company Akli entered the fuel cell industry in a joint venture.

On April 2, Akli announced that the company intends to jointly invest with Zhongfu (Wuxi) New Energy Co., Ltd. (hereinafter referred to as "Zhongfu") to establish Akli Zhongfu (Wuxi) Fuel Cell Technology Co., Ltd. (hereinafter referred to as "Technology Company"), with a registered capital of 10 million yuan.

The main business of the joint venture company is fuel cell system technical consulting and technical services; fuel cell industry construction, management, operation, etc., of which Akli plans to invest RMB 6 million with its own funds, accounting for 60% of the registered capital.

Akli said that the joint investment to set up a technology company to set up technical services for solid oxide fuel cells will be a preliminary attempt of the company's diversification strategy. The reaction mechanism of solid oxide fuel cells belongs to electrochemical reaction, and most of them are professional knowledge in chemical engineering technology in the later application market, which will give full play to the company's technical advantages in chemical engineering. In addition, this transaction will help listed companies to focus on the development of their main business, broaden the company's development path through the company's technological advantages in the field of chemical engineering, promote listed companies to set foot in emerging industries under the balance of long-term planning and short-term profits, explore the application prospects of chemical engineering in emerging industries, and provide ideas for the transformation and upgrading of the company.

Akli was established in July 1999 with a registered capital of 86.7 million yuan. The company's main products are aliphatic amines, optical grade polymer materials, etc. The company insists on functional materials as its main business, and currently high-tech products account for more than 60% of all technical products. Akli's 2018 annual report shows that in 2018, Akli achieved operating income of 0.422 billion billion yuan, an increase of 45.24 percent over the same period last year, and realized net profit attributable to shareholders of listed companies of 33.4245 million billion yuan, a decrease of 33.17 percent over the same period last year.

Zhongfu opened business on April 27, 2018 with a registered capital of 50 million billion yuan. Its business scope includes technology development, technical consultation, technical services, and technology transfer in the field of new energy technology; research and development, production, and maintenance of solid oxide fuel cells; self-operation And agency for the import and export of various commodities and technologies.