Chinese carmaker SAIC to spin off hydrogen fuel cell unit, eyes Star Market IPO Shanghai Hydrogen Propulsion Technology will prioritise Shanghai Stock Exchange’s Nasdaq-style Star Market for IPO, financial magazine Caijing says SAIC has been actively look

“Hydrogen fuel cell is one of those technologies that powerful car companies have to grasp, to compete in the automotive market in the future,” said Eric Han, a senior manager with Shanghai-based business advisory firm Suolei. “But capital is much needed to support the development of fuel cell related technologies.”