Fuel cell vehicle development will accelerate more than 5,000 vehicles in China in 2020

According to foreign media reports, Toyota, BMW, Hyundai and other auto companies and Shell Oil, Alstom, Anglo American and other 13 companies announced the establishment of the "Hydrogen Energy Association" during the Davos Forum to accelerate the application of fuel cell technology. Toyota will also test hydrogen fuel cell vehicles in the main oil producing country of the United Arab Emirates in the near future, which is seen as a formal challenge to traditional energy sources. The domestic fuel cell vehicle commercial vehicle is also speeding up. The third phase of the passenger vehicle commercial demonstration operation is about to start. The volume and operation area are far ahead of the previous two periods. Among them, 100 buses will be put into operation in the first half of Beijing.

Recently, the global fuel cell system leader Ballard Power's share price has risen sharply, and has risen nearly 25% since the beginning of the month. Investors are optimistic about the accelerated commercialization of fuel cells.

The industry believes that fuel cell vehicles have the characteristics of fast hydrogenation and long driving range. They have obvious advantages in commercial areas such as passenger cars and trucks, and are expected to be the first to achieve commercial operation. From the perspective of new energy subsidy policy, fuel cell vehicle subsidies will remain unchanged until 2020, with large and medium-sized passenger cars and trucks reaching 500,000 units. According to the plan, there will be more than 5,000 domestic fuel cell vehicles in 2020 and more than 50,000 in 2025. The industry is welcoming major development opportunities.

According to the plan, there will be more than 5,000 domestic fuel cell vehicles in 2020. A-share related listed companies include Dayang Electric and Snowman shares.

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