Hydrogen Power Technology's Fangshan Hydrogen Power hydrogen-powered cold-chain logistics vehicles are racing across the Beijing-Tianjin-Hebei region. Recently, they have established a hydrogen-powered cold-chain logistics route for a publicly listed firm client, centered around a logistics base in Langfang and radiating out to Zhangjiakou, Tangshan, and Beijing. Fangshan Hydrogen Power targets mid-to-high-end cold-chain transportation scenarios, leveraging the advantages of hydrogen-powered cold-chain vehicles, such as long driving range on a single hydrogen fill, short refueling time, and low overall energy consumption, to create typical zero-carbon hydrogen energy application scenarios. With a single hydrogen fill taking just 5 minutes, the vehicles can achieve a driving range of 400 kilometers, reducing carbon dioxide emissions by 70 kg for every 100 kilometers traveled. From materials to parts, the technology is entirely domestically developed, with each black-tech parameter showcasing the technological advantages of SPIC's hydrogen-powered cold-chain logistics vehicles. Against the backdrop of the "dual carbon" goals, hydrogen-powered vehicles are increasingly demonstrating their advantages, offering complete zero-carbon emissions, simple and pollution-free after-treatment of fuel cells, and providing a hydrogen energy pathway for building a beautiful and green China. As a publicly listed firm, a certain client has clearly announced its corporate "carbon neutrality" plan, proposing carbon reduction initiatives in various aspects, including material transportation and employee commuting. The two parties have found common ground in their future development goals. Fangshan Hydrogen Power, centered around a logistics base in Langfang, provides in-store transportation services for the client, greatly assisting them in achieving their corporate carbon neutrality goals.

Recently, the First Hainan Free Trade Port Hydrogen Energy Vehicle Industry Development Seminar was held in Haikou City, Hainan Province. Shanghai Shunhua New Energy System Co., Ltd. (hereinafter referred to as "Shunhua New Energy") signed a strategic cooperation agreement with Hainan Haima Automobile Co., Ltd. and Sinopec (Hainan) Branch to jointly establish Hainan Free Trade Port's first zero-carbon emission automotive ecosystem covering the "production-storage-refueling-utilization" entire industry chain. This marks a substantive step forward in the industrialisation of hydrogen energy vehicles in Hainan, providing crucial support for achieving the industrialisation goal of hydrogen energy vehicles in Hainan by 2030. Hainan's Dual Advantages Propel Hydrogen Energy Industry onto Fast Track of Development Leveraging its policy advantages and geographical location, Hainan Free Trade Port is accelerating the layout of the hydrogen energy industry. According to the Medium and Long-Term Plan for the Development of Hainan's Hydrogen Energy Industry (2023-2035), Hainan will promote the commercial replacement of hydrogen fuel cell vehicles in stages in fields such as cold chain logistics vehicles, short-haul heavy-duty trucks, and tourist buses, gradually expanding into the passenger vehicle market. Huang Wencong, Deputy Director-General of the Hainan Provincial Department of Industry and Information Technology, pointed out that Hainan's unique geographical closed-loop characteristics and differentiated application scenarios provide a favorable market environment for hydrogen fuel cell vehicles. Meanwhile, relying on the "early and pilot implementation" policy advantages of the Free Trade Port, Hainan provides a testing ground for formulating standards for the hydrogen energy industry. Lu Guogang, Vice Chairman of Haima Automobile and General Manager of Hainan Haima, analyzed that with breakthroughs in core localisation technologies, when the annual production of hydrogen energy vehicles exceeds the 10,000-unit threshold, the material cost of complete vehicles is expected to be on par with or even lower than that of pure electric vehicles of the same class. It is projected that by 2030, the usage cost of hydrogen energy vehicles in Hainan will drop to 0.25 yuan per kilometer, comparable to that of pure electric vehicles. By then, the province's hydrogen vehicle ownership may exceed 10,000 units, with 66 supporting hydrogen refueling stations." To address the dual bottlenecks of scarce hydrogen energy resources and high hydrogen prices hindering the current development of the hydrogen energy industry, Zhang Yu, founder of the Hydrogen Energy Branch of the China Industrial Development Promotion Association, suggested that Hainan could rely on abandoned power resources from renewable energy sources such as PV and wind power to deploy local hydrogen production projects, thereby solving the problem of high hydrogen supply costs. To provide a technological pathway for resolving the contradiction between "hydrogen shortage" and "high hydrogen prices," Shunhua New Energy will deploy multiple hydrogen refueling stations around regional hydrogen production centers, constructing a "parent station + several child stations" asteroid-shaped hydrogen refueling network. Shunhua New Energy's Innovative Projects Accelerate the Commercialization Process of Hydrogen Energy As a leading domestic supplier of overall solutions for hydrogen energy systems, Shunhua New Energy plans to commence the construction of an asteroid-shaped hydrogen refueling station infrastructure network by the end of 2025, with priority given to promotion in Haikou and Sanya. "The "Asteroid Plan" is an implementation plan for the phased and rapid large-scale promotion of fuel cell vehicles (FCVs), with passenger cars as the most-traded contract car models. It also involves the construction of a hydrogen refueling network, primarily consisting of small 70MPa hydrogen refueling stations (in a combined oil-hydrogen refueling mode), supplemented by medium-sized 35MPa/70MPa hydrogen refueling stations (in a pure hydrogen mode). Additionally, it includes the construction of hydrogen source infrastructure for hydrogen production from renewable energy sources (supplemented by industrial by-product hydrogen) and nuclear power-based hydrogen production. Sunrise New Energy will leverage its extensive experience in hydrogen storage and transportation equipment, as well as hydrogen refueling equipment solutions, to assist Hainan in creating a replicable hydrogen energy commercialization template. This will achieve the dual objectives of optimizing construction costs and improving operational efficiency, providing infrastructure support for the large-scale development of the industry. As of now, the Haima 7X-H hydrogen fuel cell vehicle demonstration operation project has accumulated over 2 million kilometers of safe driving, serving the Boao Forum for Asia, the China International Consumer Products Expo, and the World New Energy Vehicle Congress, achieving a "zero-fault" operation record for 2 million kilometers. These vehicles are equipped with Sunrise New Energy's 70MPa on-board hydrogen supply system, allowing for a single hydrogen refueling time of just 3-5 minutes and a driving range exceeding 600 kilometers. Their technical indicators have reached internationally leading levels, validating the technical feasibility and economic efficiency of the "Hainan Model." Deepening Strategic Synergy: Building a Benchmark for Full-Chain Synergy in the Hainan Model With the in-depth implementation of the "Overall Plan for the Construction of the Hainan Free Trade Port," the hydrogen energy industry is becoming a key pillar for Hainan to build a clean energy island. Sunrise New Energy will take this strategic cooperation as an opportunity to work together with industry chain partners to advance the construction of vehicle operation platforms and hydrogen refueling stations, promoting the market-oriented development of China's hydrogen energy industry.

[Broad-Ocean Motor: Provides Motor/Fan Solutions for Charging Piles, ESS, etc.] On June 9, Broad-Ocean Motor released a record of investor relations activities, stating that the company is actively expanding new product application scenarios and customers, and continuously focusing on the new energy sector. It provides efficient and reliable motor/fan solutions for rapidly developing industries such as automotive air conditioners, NEV charging piles, cold chain logistics, heat pumps, IDC (data center), and ESS. Currently, the overall scale of the company's products applied in the IDC and ESS sectors is relatively small. However, with the development of the industry, subsequent business volume is expected to grow rapidly, contributing new revenue growth points for the company's BHM business unit.

On May 30, Hyundai Hydrogen Mobility System (Guangzhou) Co., Ltd. (hereinafter referred to as "HTWO Guangzhou") successfully held the "Riding the Hydrogen Wave, Embracing the New Journey"—Batch Delivery Ceremony for 20 4.5-mt Fuel Cell Refrigerated Trucks, injecting new momentum into the cold chain business of Guangzhou Yanghua Logistics Co., Ltd. (hereinafter referred to as "Yanghua Logistics"). As a market-oriented commercial order, this marked a crucial step forward in the large-scale application of hydrogen fuel cell vehicles in the logistics and distribution sector. That morning, 20 hydrogen fuel cell refrigerated trucks with pure white auto bodies were lined up like a flock of doves on the internal roads of the HTWO Guangzhou factory. The large red flowers on the front of the trucks swayed gently in the wind, complementing the blue elements of the factory buildings. The slogan "Riding the Hydrogen Wave" on the welcome board shone brightly in the sunlight. At around 10 a.m., the delivery ceremony officially commenced within the factory premises, attended by enterprise representatives including Yu Changfu, Chairman of Yanghua Logistics, and Zhang Yuanshuo, Deputy General Manager of HTWO Guangzhou and General Manager of Hyundai Hydrogen Energy Technology (Guangzhou) Co., Ltd. (hereinafter referred to as "Hyundai Hydrogen Energy Guangzhou"). At the delivery ceremony, Zhang Yuanshuo, Deputy General Manager of HTWO Guangzhou, stated, "This delivery not only represents a breakthrough in commercial cooperation but also marks an important milestone in the market-oriented implementation of hydrogen fuel cell technology. Leveraging over 25 years of hydrogen fuel cell technology accumulation from the Hyundai Motor Group, HTWO Guangzhou has deepened its roots in Guangzhou. Through continuous localization efforts, we have achieved 'Made in Guangzhou' for complete vehicles and core components. In the future, we will continue to drive the commercialization process of the hydrogen energy industry with reliable products." In his speech, Yu Changfu, Chairman of Yanghua Logistics, emphasized, "Choosing hydrogen-powered vehicles is an inevitable choice for Yanghua Logistics in response to the national 'dual carbon' strategy. We particularly value the significant advantage of the long driving range of hydrogen fuel cell refrigerated trucks, which perfectly meets our intensive transportation needs in the Pearl River Delta region, allowing drivers to completely bid farewell to range anxiety. Yanghua Logistics will take this cooperation as a starting point to accelerate the low-carbon transformation of cold chain logistics and empower the development of green logistics." Hydrogen Vehicles Join the Fleet, Accelerating Low-Carbon Operations in Cold Chain Logistics The collaboration between the two parties this time was not coincidental but a mutual endeavor in line with the development logic of the times. As early as the end of March this year, HTWO Guangzhou had engaged in in-depth business exchanges with Yanghua Logistics. Yanghua Logistics actively responded to the call of the national new energy policy and, combined with its business expansion needs, planned to invest in new energy logistics vehicles featuring "long driving range, high efficiency, and low emissions." HTWO Guangzhou, on the other hand, was able to provide a zero-emission hydrogen vehicle solution with "5-minute hydrogen refueling and a driving range exceeding 500 kilometers." Leveraging the profound technological accumulation of the Hyundai Motor Group and the reliable validation of previously delivered products, the two parties swiftly reached a cooperation intention, demonstrating efficient cooperation based on trust and reflecting the market's full recognition of HTWO Guangzhou's products. It is understood that Yanghua Logistics will deploy its first batch of 20 hydrogen fuel cell refrigerated trucks into the fresh food transportation system in the Pearl River Delta region, safeguarding the freshness of the dining tables of residents in the Greater Bay Area with the new "hydrogen" power. As a professional enterprise with 16 years of experience in cold chain logistics, Yanghua Logistics' business covers the entire supply chain, including warehousing, transportation, and trading, serving core customers such as supermarkets, chain restaurants, and express delivery companies. The support from HTWO Guangzhou's hydrogen-powered vehicles this time will not only reduce the company's carbon emission costs but also enhance social acceptance of hydrogen energy through actual operational data, providing a replicable and scalable valuable model for the green and low-carbon transformation of the logistics industry. HTWO Guangzhou's "Answer Sheet" for Hydrogen Energy The 4.5-ton hydrogen fuel cell refrigerated trucks delivered this time boast superior performance, with the entire vehicle, hydrogen fuel cell system, and five core parts all developed and produced locally. Their driving range and reliability have been verified by the market, meeting the high timeliness and long-distance operational needs of cold chain logistics. Since its establishment, HTWO Guangzhou has developed products covering multiple scenarios such as sanitation, logistics, cold chain, and public transportation, continuously breaking the stereotype that "hydrogen vehicles are limited to demonstration projects." Since expanding its dedicated vehicle factory and obtaining production qualifications in May 2024, HTWO Guangzhou has continuously become a core driver for the commercialization of hydrogen-powered vehicles in South China with its stable production capacity and technological strength. This delivery marks a critical period in HTWO Guangzhou's market-oriented strategy. From serving the Guangzhou Development Zone with its first batch of vehicles in 2024 to now collaborating with Yanghua Logistics to explore cold chain scenarios, HTWO Guangzhou is promoting the comprehensive development of hydrogen fuel cell vehicles from policy demonstrations to commercial promotion through the model of "localized technology + diversified scenarios." In the future, HTWO Guangzhou will continue to deepen cooperation with top-tier enterprises in industries such as logistics and shipping, contributing hydrogen energy to the construction of a green transportation system in the Guangdong-Hong Kong-Macao Greater Bay Area and the achievement of the "dual carbon" goals through continuous technological innovation and capacity expansion. This batch of hydrogen-powered refrigerated trucks is about to embark on the transportation network in the Pearl River Delta region. They not only carry fresh food but also the future hope of green logistics. HTWO Guangzhou is taking practical actions, joining hands with partners to "ride the hydrogen wave" and accelerate towards a new journey towards a zero-carbon future!

Recently, the launch ceremony for the "Hydrogen Vehicle 10,000-Mile Journey" event, organized by Henan Hydrogen Power Technology, was held ceremoniously at the Haier Industrial Park in Zhengzhou. Co-hosted by Henan Hydrogen Power Technology and Yutong Commercial Vehicle, and in collaboration with Feijie Cold Chain (a customer) and Tianhong City Distribution (an operator), the event marked the commencement of large-scale demonstration operations for hydrogen fuel cell refrigerated logistics vehicles, signaling a gradual shift towards marketization and large-scale development of green cold chain logistics powered by hydrogen energy in Henan Province. At the ceremony, hydrogen fuel cell refrigerated logistics vehicles from Henan Hydrogen Power Technology, equipped with advanced hydrogen fuel cell technology from State Hydrogen Technology, were lined up neatly, ready for departure. Hu Junjie, General Manager of Henan Hydrogen Power Technology, delivered a speech, stating that the "Hydrogen Vehicle 10,000-Mile Journey" event is a significant milestone in the development of the hydrogen energy industry. By organizing enterprises to conduct large-scale cross-regional demonstration operations of fuel cell vehicles nationwide, it effectively integrates industry resources and promotes in-depth cooperation and collaborative innovation among upstream and downstream enterprises in the industry chain. Ping Weiqiang, Manager of the Strategic Customers Branch of Yutong Commercial Vehicle Light Trucks, expressed that the vehicles put into demonstration operation this time integrate Yutong's leading electric control and intelligent temperature control systems, directly addressing the pain points of high energy consumption and emissions in traditional cold chain logistics, and providing the industry with a reliable, zero-carbon, and efficient transportation solution. Dong Xiongfei, Chairman of Feijie Cold Chain, delivered a speech, highly recognizing the practical value of hydrogen fuel cell refrigerated vehicles: "Their ultra-long driving range, stable and reliable system, precise temperature control, and zero-emission characteristics perfectly meet the stringent requirements of cold chain transportation for fresh produce, less-than-truckload (LTL) shipments, pharmaceuticals, and other goods. This 10,000-mile journey is a valuable practical test. We will systematically collect operational data, optimize the application mode of hydrogen vehicles in urban distribution scenarios, and accelerate the commercialization process." The "Hydrogen Vehicle 10,000-Mile Journey" event is not only a technological showcase but also a promotion of environmental protection concepts. Through this event, we convey to the public the importance of green logistics and clean energy. Looking ahead, we believe that hydrogen fuel cell refrigerated logistics vehicles will showcase their unique charm on an even broader stage. With continuous technological advancements and policy support, hydrogen energy will play an increasingly important role in the logistics industry. We look forward to bringing cleaner, more efficient, and sustainable logistics solutions to society through sustained efforts and innovation.

On May 29, a delegation from Hydrogen Power Technology visited Shuhai (Beijing) Supply Chain Management Co., Ltd. (hereinafter referred to as "Shuhai Supply Chain"). Both parties held in-depth discussions on hydrogen energy zero-carbon services to support the catering supply chain. Yang Jiancheng, Deputy General Manager, Party Branch Secretary, and General Manager of Shuhai Transportation Business Division of Shuhai Supply Chain, and Liu Guozhu, Director, Supervisor, Executive Director of Fangshan Hydrogen Power, and General Manager of Hydrogen Power Technology, participated in the exchange. Yang Jiancheng of Shuhai Supply Chain extended a warm welcome to the delegation from Hydrogen Power Technology. He stated that Shuhai Supply Chain is committed to becoming a "trusted service provider of catering supply chain solutions". The company originated from the catering supply department of Haidilao and began independent operations in 2014, providing full-service supply chain management to upstream and downstream enterprises in the catering industry chain. Currently, it boasts 50,000 SKUs, 44 warehousing and distribution centers, over 5,000 three-temperature vehicles, and more than 11,000 cooperative suppliers. It not only meets the supply chain service needs of over a thousand Haidilao stores but also serves catering chain brands such as Tai'er Pickled Fish, Fengmao Skewers, Fei Dachu, Xinbailu, and Micun Bibimbap, with a cumulative service to over 5,000 catering enterprises. Currently, Shuhai Supply Chain is actively responding to the national call for carbon peaking and carbon neutrality, continuously promoting the green transformation of logistics and transportation, and remains optimistic about the prospects of hydrogen energy applications. Liu Guozhu from Hydrogen Power Technology provided a detailed introduction to the company's layout and operational status in hydrogen energy end-use applications. He stated that the company is currently intensifying its efforts to explore hydrogen energy urban distribution business scenarios, particularly in the niche market of mid-to-high-end cold chain urban distribution. This scenario can fully leverage the advantages of hydrogen energy vehicles, such as long-distance refrigerated transportation, short refueling times, and suitability for extremely cold environments. As a leading enterprise in the catering supply chain, Shuhai Supply Chain is a key partner for Hydrogen Power Technology, which hopes to strengthen cooperation with Shuhai Supply Chain in the catering supply chain field to jointly create a benchmark scenario for hydrogen energy zero-carbon cold chain urban distribution. Both parties agreed to take the lead in pilot projects in the Beijing-Tianjin-Hebei region and rapidly promote the deployment and operation of a batch of hydrogen energy cold chain logistics vehicles. The operational head of Shuhai Supply Chain, as well as relevant heads from Hydrogen Power Technology and Fangshan Hydrogen Power, participated in the exchange.