Aerospace Power announcement, its subsidiary Shaanxi Aerospace Power Energy-saving Technology Co., Ltd. plans to invest 59.19 million yuan of its own funds in the development and production capacity construction project of liquid hydrogen tanks. The project was approved by the board of directors of the company on September 5, 2024. The project includes the establishment of necessary process development conditions for onboard liquid hydrogen cylinders and liquid hydrogen tanks, and the addition of 37 process equipment and the renovation of 7546.8 square meters of factory buildings. The project construction period is 12 months, and it is expected to achieve a production capacity of 20 liquid hydrogen tanks and 1000 sets of onboard liquid hydrogen cylinders in the year of production.