Global EditionASIA 中文双语Français
Home / Business / Industries

Hydrogen NEV players urged not to rush

By Li Fusheng | | Updated: 2020-01-09 09:39
Share - WeChat
Hyundai Motor Group displays its achievements in hydrogen fuel cell technology and electric vehicles at the second China International Import Expo. [Photo by Zhang Dandan/China Daily]

Experts are calling for players in China's hydrogen fuel cell vehicle segment to be sober-minded to prevent overcapacity and vicious competition in the nascent market.

As part of the country's new energy vehicle program, many local authorities and companies are showing great enthusiasm for the segment entitled to central government subsidies.

Zhang Xiaoqiang, a senior executive at the China Center for International Economic Exchanges, said there are conditions to start the segment's industrialization in the country but hurdles exist in such aspects as producing core materials and establishing effective business modes.

He made the remark at a press conference on Wednesday in Beijing, where a book, Research on China's Hydrogen Industry Policy, was unveiled.

The book gives an in-depth analysis of the sector's development, as well as potential problems in China and some other countries.

Zhang, also a chief author of the book, said many issues are yet to be solved before the segment can achieve fast growth, including hydrogen's position in China's energy landscape and its use in different scenarios, as well as key technological breakthroughs.

Wan Gang, president of the China Association of Science and Technology, said China should explore its path of development for the segment, adding that fuel cell vehicles will not replace electric ones and both have their own advantages.

He, who was minister of science and technology, called for more efforts to focus on innovation and make the segment market-oriented to promote its high-quality development.

Li Yizhong, president of the China Federation of Industrial Economics, said companies in the segment should pay more attention to the source of hydrogen and rule out methods that produce too much carbon dioxide.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349