China’s hydrogen and fuel cell sector is poised to grow exponentially. The NDRC just issued a fifteen-year development plan for the sector. It expects real commercialization of fuel cell vehicles and energy storage by 2030 with rapid market growth in heavy-duty applications. Sinolytics forecasts a fuel cell market size of 45 billion RMB by 2035.
International companies increasingly consider entering this market. Sinolytics offers in-depth market, policy and regulatory analysis to European companies for their competitive stance in the newly emerging ecosystem.
Download our primer here Fuel Cell Primer