Chinese hydrogen firm to acquire 30% stake in electrolyser maker formerly co-owned by Cummins

Shanghai Refire Group says it wants to expand its H2 business, but it is not clear what it gains from the deal

Refire vice president of international markets Audrey Ma at Tokyo’s FC Expo in 2023.
Refire vice president of international markets Audrey Ma at Tokyo’s FC Expo in 2023.Photo: Shanghai Refire Group
Published 13 August 2025, 07:08Updated 13 August 2025, 07:21
Cummins EnzePEM electrolysersChinaSinopec