China Could Have a Million Hydrogen-Powered Vehicles on Its Roads by 2035

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Ouyang Minggao, an academician at the Chinese Academy of Sciences and a professor at Tsinghua University.

China’s hydrogen fuel cell vehicle market is revving up, with sales expected to hit 10,000 units this year, 50,000 units by 2025 and more than one million by 2035, according to Ouyang Minggao, of the Chinese Academy of Sciences and a professor at Tsinghua University.

China has established a comprehensive industrial ecosystem encompassing hydrogen production, storage, transportation and processing, Ouyang said at the 2024 International Hydrogen and Fuel Cell Vehicle Conference Wednesday.

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China's hydrogen fuel cell vehicle market anticipates significant growth, with targets of 10,000 units in 2023, 50,000 by 2025, and over one million by 2035.
Advances from 2020-2024 improved fuel cell lifespans from 10,000 to 20,000 hours and halved costs; substantial commercial adoption remains limited due to high vehicle costs.
China’s hydrogen strategy aims for carbon neutrality by 2060, supported by comprehensive industrial systems and pilot programs in select cities to expand hydrogen fuel usage.

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Who’s Who

Zhizi Automobile Technology Co. Ltd.: Zhizi Automobile Technology Co. Ltd. is a new energy vehicle maker. According to its chairman Wang Zhao, the key to expanding the hydrogen fuel cell vehicle market lies in obtaining low-cost green hydrogen. Wang mentioned that if hydrogen prices could drop below 20 yuan/kg within the next four to five years, hydrogen heavy trucks might see significant development. The company believes both pure electric and hydrogen heavy trucks will play complementary roles in future transportation.

Hesteel Group Co Ltd.: Hesteel Group Co Ltd. has been developing hydrogen energy heavy trucks since 2020 and currently has 255 on the roads. The company has also established a hydrogen truck transportation route from Tangshan Port to Qinhuangdao, serving its operations.

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What Happened When

2020：: Hesteel Group Co Ltd. started developing hydrogen energy heavy trucks.

2021：: China began promoting hydrogen fuel cell vehicles through pilot programs in Beijing, Shanghai, and Guangdong, followed by Hebei and Henan.

March 2022：: The National Development and Reform Commission unveiled a medium to long-term plan for the hydrogen energy industry’s development.

2023：: Fuel cell vehicle sales reached 5,805 units, a 72% year-on-year rise.

2024：: Sales of hydrogen fuel cell vehicles are expected to hit 10,000 units this year.

2024：: Sales of hydrogen fuel cell vehicles amount to around 1,000 units in the first four months, showing an 8.4% year-on-year increase.

As of 2024：: There are 255 hydrogen energy heavy trucks on the roads developed by Hesteel Group Co Ltd.

2024-06-05：: Ouyang Minggao disclosed developments in hydrogen fuel cell vehicles and industry ecosystems at the 2024 International Hydrogen and Fuel Cell Vehicle Conference.

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