Chinese hydrogen-powered drone maker HiTS eyes Hong Kong for research, overseas sales
HiTS (Shanghai) Hydrogen Power Technology, which aims to be the BYD of commercial drones powered by hydrogen fuel cells, plans to set up research and assembly operations in Hong Kong to serve international markets, according to its chief financial officer.
Just as the world's leading electric-vehicle maker
BYD also makes EV batteries, HiTS has expertise in both hydrogen fuel cells and drones that use those power sources, CFO Ben Lin said on Monday.
The company called on the Hong Kong government to use policy initiatives to jump-start the city's 'low-altitude economy' – activities in airspace below 1,000 metres.
'We hope the Hong Kong government can encourage departments that provide public services to embrace the fuel-cell drone technology,' Lin said on the sidelines of BNP Paribas' global electric vehicle and mobility conference in Hong Kong.
'We have a long-term business development plan, which includes an overseas sales headquarters and a research and development centre in Hong Kong. We also hope to go public on Hong Kong's bourse in one to two years.'
In November, the government formed a working group to develop a low-altitude economy by designating venues for pilot projects, drawing up regulations and planning required infrastructure.
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