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Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co Ltd, a company located in Jiaxing Port Area, was listed on the Hong Kong Stock Exchange on Dec 5, becoming the sixth listed company in Jiaxing this year.

With the stock code 09663, the company raised about HK$1.45 billion ($185.52 million) by issuing 79.52 million shares.

Sino-Synergy Hydrogen Energy is a leading company in China that specializes in hydrogen fuel cell stacks and systems. Its products have been applied in various scenarios, such as transportation, distributed power generation, and backup power generation.

According to the latest statistics, the number of commercial vehicles loaded with the company's products accounted for more than 50 percent of the market share of hydrogen fuel cell commercial vehicles in China.

The company also ranked first in China's hydrogen fuel cell stack shipment every year from 2017 to 2022.

The listing of Sino-Synergy Hydrogen Energy will help Jiaxing Port Area create a national advanced hydrogen energy manufacturing base and contribute to the development of the hydrogen energy industry in Jiaxing and beyond.