The city of Beijing aims to have over 10,000 fuel cell vehicles on the road and build 74 hydrogen filling stations by 2025, as the Chinese capital maps out an ambitious plan to develop the low-carbon fuel, state media reported on Thursday.
But Asia may be changing the game. South Korean conglomerates Hyundai Motor (005380. Korea) and SK Holding (034730.Korea) recently announced multibillion-dollar investments that may start bridging the gap between hydrogen dreams and reality. China raised hydrogen’s profile in its latest five-year plan, and shows signs of picking national champions like Beijing Sinohytec (688339.China). “China controls the value chain for electric…
This would help states work with the private sector to expedite the transition to zero-emission vehicles (including both battery electric and hydrogen fuel cell electric) and invest in much-needed charging and hydrogen fueling facilities.
The group, which was formed by the merger of PSA and Fiat Chrysler earlier this year, said the hydrogen fuel cell vans will be launched under the Peugeot, Citroen and Opel brands. A passenger car model powered by hydrogen fuel cells will come later. The hydrogen fuel cell model will be assembled in Russelsheim, Germany, using technology developed by Symbio…
Great Wall has invested 2 billion yuan ($305 million) over the past five years to develop hydrogen power-related technologies that can be used for vehicles as well as marine and rail transport, Zhang said. Founder Wei Jianjun added that Great Wall will invest another 3 billion yuan over the next three years and plans to become a top-three seller of…