Caixin Global – Latest China News & Headlines

Home >


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

Chinese Companies Usher in Age of Synthetic Meat
AI Startup Plans IPO at Value of at Least $1 Billion — in China
Huawei’s First 5G Commercial Phone Gets Warm Response Despite Limited Networks
Cathay Pacific CEO Hogg Resigns Amid Hong Kong Protests
Ninebot’s New Scooter Can Drive Itself Back to Charging Stations
Oppo to Unveil New Smartphone With 20x Zoom
Chinese Companies Usher in Age of Synthetic Meat
Record-Smashing Chinese Animation to Get Overseas Releases
WTO to Arbitrate China’s Complaints About U.S. Solar-Cell Tariffs
Vipshop Stock Soars After Q2 Results Beat Expectations
Japan Replaces China as Largest Holder of U.S. Government Debt
Huawei’s First 5G Commercial Phone Gets Warm Response Despite Limited Networks
AI Startup Plans IPO at Value of at Least $1 Billion — in China
Alibaba Q2 Revenue Jumps 42%, Beating Estimates But Slower Than Year Earlier
Baidu’s $66 Billion Dive Knocks It Out of China’s Internet Top 5
Beijing Grants Foreign Investors Wider Access to Entertainment Industry
Tencent-Backed Maoyan Turns Profit on Strong Ad Growth
Chinese App-Makers Smell Opportunities in Strict Trash-Sorting Rules
Casino Giant Galaxy Entertainment’s H1 Profit Drops 7% as High-Rollers Stay Away
Chinese Internet Sector Grows 17.9% Year-on-Year: MIIT
Xiaomi Receives Licenses for Second 5G Phone
Coal Industry Looks to Robots for Increased Safety
No Investor Love for Tencent, Lenovo and Luckin in Latest Reports
Beijing Seeks Bang for Its Buck in Hydrogen Vehicle Drive

By David Kirton and Li Liuxi / Jul 19, 2019 06:07 PM / Business & Tech

Photo: VCG

Photo: VCG

China’s Ministry of Industry and Information Technology (MIIT) is weighing up whether to give more targeted support to developers of core hydrogen car technologies in a bid to pave the road to a greener transport future without racking up a hefty bill, according to domestic media.

Several Chinese cities and automakers have jumped on the hydrogen-powered car bandwagon in recent months, expecting that they might hitch a ride on the back of generous subsidy support like that which powered China to a poll position in electric vehicles over the last decade.

Yet the turbocharged development came at a heavy cost, which the government is trying to avoid this time around, the Shanghai Securities Daily reported Thursday. Instead of blanket subsidy support, it is looking into whether it can spur the hydrogen car industry’s development better by focusing on “core components,” that will bring costs down, the report said.

Hydrogen-powered vehicles are regarded as a promising future technology because their batteries emit only water vapor, in contrast to pollution-emitting traditional combustion vehicles. Their batteries also produce more energy for their weight compared to the lithium-ion batteries that currently drive the electric vehicle industry, making them particularly promising for long-distance vehicles such as buses and trucks.

Yet so far higher production costs have hindered their development, in part because of the cost of platinum, a key component, as well as a lack of support infrastructure for vehicles, and the complexity of storing hydrogen, which is highly volatile.

Contact reporter David Kirton (

Related: Shanghai Scales Up Hydrogen-Powered Car Development

Share this article
Open WeChat and scan the QR code
Copyright © 2019 Caixin Global Limited. All Rights Reserved.