Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Singapore-Based E-Commerce Aggregator Una Brands Raises $40 Million for Asia-Pacific Acquisitions
Video Streamer iQiyi Apologizes for Milk Gimmick Gone Sour
Singaporean Ride-Hailing Firm Grab to Launch New Services for Premium Passengers, Pet Owners
TikTok Retains Crown as World’s Top Non-Game App Despite 50% Drop in Downloads
Tencent Reportedly Negotiating Risk-Mitigation Measures to Retain U.S. Gaming Investments
Foxconn to Set Up Chipmaking Joint Venture with Yageo
Excluding Chinese Vendors from Indian 5G Trials Will Hold Back Development, Diplomat Says
Alibaba-Backed MYBank Eyes Deeper Penetration Into Under-Banked Rural China
Vivo and Oppo Claim Top Two Spots in China Smartphone Market as Huawei Falls
U.S. Urges TSMC to Prioritize Supplies to American Carmakers Grappling with Global Chip Shortage
Indonesian Ride-Hailing Unicorn Gojek Aims to Go All Electric by 2030
Tencent-Backed Insurtech Firm Waterdrop Aims to Raise up to $360 Million in U.S. IPO
Which Money-Losing Electric-Car Makers Have Tied Up With Huawei?
Video Platform Bilibili to Buy Stake in Mobile-Game Maker CMGE to Boost Content
Baidu to Roll Out Driverless Robotaxis in Beijing in May
Tesla Challenger Nio Shrinks Losses as Sales Surge
Trending in China: A Beijing Bureaucrat Worked as Delivery Driver for a Day and Earned Just $6
Fjord Focus: Why Are Chinese Electric-Car Makers Flocking to Norway?
Alibaba Has Big Plans for Taobao’s Livestreaming Hawking Business
Xiaomi Extends Reign as India’s Smartphone King Despite Slipping Market Share
Storage Challenges Hinder China’s Hydrogen-Powered Vehicle Ambitions

By Liu Yukun and Zhao Runhua / Jul 04, 2019 04:40 PM / Business & Tech

Photo: VCG

Photo: VCG

China aims to cumulatively deliver 1 million hydrogen-fueled cell cars by 2030, according to an industrial development agenda. But Ouyang Minggao, an academician at the Chinese Academy of Sciences, believes this might be a crush.

The goal will likely be met between 2030 and 2035, a few years later than the original schedule, said Ouyang during the World New Energy Vehicle Congress in Hainan earlier this week.

While the supply of hydrogen and the underlying hydrogen fuel cell technology are not major hindrances to long-term development, as domestic technology will mature soon, Ouyang noted that expenses on in-car hydrogen storage containers — the costliest among all power components — have posed unexpected challenges. This obstacle will also affect the construction of hydrogen stations — whose shortage will fail to serve fast-growing demands, Ouyang said.

A source familiar with the issue, who wished to stay anonymous due to the sensitivity of the issue, said to Caixin that China still relies on the imports of such vehicles’ key hydrogen storage equipment, which would boost related costs.

China currently has around 3,000 hydrogen fuel cell cars in pilot operation. Ouyang believes that China’s goal to have at least 50,000 hydrogen-powered vehicles by 2025 remains practical.

Related: Shanghai Scales Up Hydrogen-Powered Car Development

Share this article
Open WeChat and scan the QR code