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Hydrogen push ignites next stage of China's energy transition

Hydrogen push ignites next stage of China's energy transition

  • Jul 09, 2021
The China Hydrogen Alliance predicts that by 2025, the output value of China's hydrogen energy industry will reach 1 trillion yuan ($152.6 billion) and by 2030, China's demand for hydrogen will reach 35 million tons, accounting for at least 5 percent of China's terminal energy system.
By 2050, hydrogen energy will account for more than 10 percent of China's energy system, and the annual output value of the industrial chain will reach 12 trillion yuan, as the new leading economy growth pole.

Booming Industry

Many domestic automobile companies and players in transportation fields are actively laying out their hydrogen fuel cell plans.

Great Wall Motor has recently announced to accelerate the layout of hydrogen fuel cell vehicles, following SAIC, FAW Haima Automobile, GAC Group.

In a statement sent to the Global Times on Monday the Chinese automaker said it will invest a further 3 billion yuan in the research and development of hydrogen energy in the future and is to launch world's first class C hydrogen fuel cell SUV this year. It also aims to deploy a high-end passenger vehicle service team during the winter Olympics in 2022 and become the top three in global hydrogen market by 2025.

A key component of the industry, hydrogenation station is an important breakthrough in the industrial chain.

As of November 21, 2020, China ranked second in the number of hydrogenation stations with a total of 88 versus a total of 458 hydrogenation stations have been built in the world.

© Copyright: 2022 Xiamen Zhongxinda Hydrogen Energy Technology Co., Ltd. All Rights Reserved.

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