This week (4.17–4.23), solid-state battery industrialization accelerated sharply. GreatPower struck two strategic deals and advanced a 2.8-billion-yuan project; PingAn and Jinghe Energy put all-solid-state pilot lines into operation with energy density over 400Wh/kg. Sinocera Materials launched an automated sulphide electrolyte line, while Gotion signed the world’s first 20,000-ton solid-state key material project. CATL also unveiled its Kirin condensed-state battery.

I. Policy Review: Hydrogen Policy Developments (I) Domestic Policies National Energy Administration: Issued the "Notice on the Establishment of Seven Standardization Technical Organizations, Including the Energy Industry Electric Power Safety Governance Standardization Technical Committee." The document states: Approval is granted to establish four standardization technical organizations in the hydrogen energy field—namely, the Energy Industry Hydrogen Energy Fundamentals and General Standardization Technical Committee, the Energy Industry Hydrogen Energy Production Standardization Technical Committee, the Energy Industry Hydrogen Energy Storage and Transportation Standardization Technical Committee, and the Energy Industry Hydrogen Energy Application Standardization Technical Committee. Their codes, scope of responsibilities, secretariat undertaking units, and committee member lists are detailed in the appendix. Relevant management agencies and the newly established hydrogen energy standardization technical committees are required to advance the construction of the hydrogen energy standard system in accordance with regulations, strictly carry out the development and revision of standards, avoid overlapping and duplication of standards, and ensure the coordination and unity of the system. Multiple forces should be organized to integrally promote technological innovation, engineering demonstration, and standardization in the hydrogen energy field, strengthen the full life cycle management of standards, promote the effective implementation and dissemination of standards, and support the building of a strong energy nation. State-owned Assets Supervision and Administration Commission of the State Council: Released the "Catalog of Scientific and Technological Innovation Achievements of Central State-Owned Enterprises: Achievement Manual (2024 Edition)." The document states: The manual includes 208 achievements from 67 central state-owned enterprises, covering seven major fields. Among them, five key technological achievements in the hydrogen energy field are selected, specifically including megawatt-scale iridium oxide catalyst for PEM electrolysis hydrogen production equipment, one-step green hydrogen production process and equipment from biomass biogas, hydrogen flow control valve assembly for hydrogen fuel cells, integrated mobile hydrogen quality analyzer for fuel cells, and a 70 MPa hydrogen precooler for hydrogen refueling stations. By publishing introductions and main indicators of these hydrogen energy achievements, the manual aims to promote the application, dissemination, and iterative upgrading of outstanding innovation achievements in the hydrogen energy field, and to accelerate the transformation of hydrogen energy scientific and technological achievements into real productive forces. Hunan Provincial Development and Reform Commission: Issued the "Implementation Opinions on Promoting the Integrated Development of Transportation and Energy in Hunan Province." The "Opinions" clearly plan: By 2027, the layout of charging and battery swapping facilities for highways and waterways will be continuously optimized and improved, while a hydrogen supply system that meets the energy standards for transportation equipment will be initially established. Regarding the target for 2023, it is to significantly enhance the charging and battery swapping service capacity of highways, fully complete the layout and construction of LNG refueling stations, and achieve the full-line connection of the three hydrogen energy demonstration corridors along the Beijing-Guangzhou, Shanghai-Kunming, and Xu-Guang routes. (II) Overseas Developments CF Industries: Hydrogen and nitrogen products manufacturer CF Industries announced that it is supplying low-carbon hydrogen-based fertilizers to Poet for growing corn that will be converted into biofuels. The company stated that it has collaborated with Poet and major agricultural cooperatives to demonstrate how low-carbon fertilizers can reduce the carbon intensity of corn and contribute to the production of low-carbon ethanol. CatAmmon: Israeli deep-tech startup CatAmmon is developing proprietary ceramic-based catalyst technology for hydrogen production through ammonia cracking and ammonia synthesis. The company's ammonia cracking catalyst can convert ammonia into hydrogen at low temperatures of approximately 350–400°C, significantly lower than the operating temperatures of traditional nickel-based systems, while completely avoiding the use of rare or precious metals such as ruthenium. Its ceramic formulation is designed to address the cost and supply chain limitations of conventional cracking technologies. The company is expected to begin commercial sales in 2027 and achieve profitability by 2028. Daimler Truck Holding AG : unveiled its new Mercedes-Benz truck powered by a liquid hydrogen fuel cell and plans to initiate small-scale production by the end of this year. The truck utilizes the Cellcentric BZA150 fuel cell system on the GenH2 platform, with the previous model consuming between 5.6 and 8.0 kg of hydrogen per 100 km during initial tests. II. Enterprise Developments: Project Signings and Technical Cooperation (I) Project Intelligence Chongqing State-Owned Assets Supervision and Administration Commission: hosted the inauguration ceremony of the Chongqing Hydrogen Industry Ecological Alliance and the promotion meeting for the construction of the Sichuan-Chongqing Hydrogen Corridor. During the event, the list of hydrogen industry projects and scenario opportunities for Chongqing's state-owned enterprises was officially released. In terms of hydrogen production, Chongqing Chemical and Pharmaceutical Group will partner with relevant enterprises to establish high-purity hydrogen purification facilities with an annual output of approximately 2,700 mt in Tongnan District and Changshou District. For the storage, transportation, and refueling segments, Chongqing Mechanical and Electrical Group will collaborate with related enterprises to focus on the development of high-end technology and R&D equipment, aiming to overcome key technical challenges such as organic liquid hydrogen storage and magnesium-based solid-state hydrogen storage. In the application of hydrogen, Qingling Group will join forces with relevant enterprises to plan the deployment of 1,500 hydrogen-powered heavy trucks and 650 hydrogen-powered light trucks in regions including Sichuan and Chongqing, Xinjiang, and Hubei. Shaanxi Hydrogen Energy Twin-Wing Technology Co., Ltd.: The procurement project for the charging, battery swapping, and ESS facilities of the Jinlian Road Hydrogen Refueling Station project has announced the preferred bidders. Specific details are as follows: The top-ranked preferred bidder is Sichuan Zhili Smart Energy Technology Co., Ltd., whose consortium members include Tianyi Yunchu (Shandong) New Energy Technology Development Co., Ltd. and Shaanxi Qiyao Construction Engineering Co., Ltd., with a bid price of 3.4282 million yuan. The second-ranked preferred bidder is Guodian Nanrui Nanjing Control System Co., Ltd., with Shaanxi Jiuda Construction Engineering Co., Ltd. as its consortium member, and a bid price of 3.2242 million yuan. The third-ranked winning candidate is Guangdong Infineon Engineering Technology Co., Ltd., whose consortium members include Nengyixing (Suzhou) Technology Co., Ltd. and Shenzhen Infineon Technology Co., Ltd., with a bid price of 3.61 million yuan. Guangdong Mingnuo Hydrogen Energy Technology Co., Ltd.: The Mingnuo Hydrogen Product Launch and Project Cooperation Signing Ceremony was grandly held at Guangdong Mingnuo Hydrogen Energy Technology Co., Ltd. in Cuiheng New District, Zhongshan, Guangdong Province. Mingnuo Hydrogen Energy is a joint venture established by Mingyang Electric and Germany’s Neuman & Esser Group. The TKH liquid-drive compressor officially launched this time employs German Hofer high-pressure compression technology. Shanghai Electric Nuclear Power Group Co., Ltd.: The project “Development and Application of Large-Capacity Safe and Efficient High-Pressure Hydrogen Storage Vessels,” led by Shanghai Electric Nuclear Power Group Co., Ltd., passed its acceptance review smoothly. Participants included Shanghai Hydrogen Maple Energy Technology Co., Ltd. and CNNC Equipment Technology Research (Shanghai) Co., Ltd. The project carried out R&D and design of a large-scale, safe and efficient hydrogen storage system through a low-cost hydrogen storage solution for large-scale hydrogen production in renewable energy scenarios. Shaanxi Hydrogen Luyuan Company : The hydrogen refueling station grid-structure lifting operation for the Yulin Zero-Carbon Industrial Park Hydrogen (Production) Demonstration Project officially started. Guangdong Yuntao Hydrogen Energy Technology Co., Ltd.: The nation’s first “all-business-form” integrated energy station—Shatinggang Integrated Energy Station—was officially completed in Taihe Town, Baiyun District, Guangzhou. Jointly built by Baiyun Investment Group, Yuntao Hydrogen Energy, and Baiyun New Energy, the project covers a total land area of more than 11,000 m² and a total floor area of more than 7,300 m², with a daily hydrogen refueling capacity of 1,000 kg. Foshan Xianhu Laboratory : The launch meeting and implementation-plan review meeting for the National Key R&D Program “Hydrogen Technology” project “Key Technology R&D and Engineering Demonstration of Zero-Carbon Efficient Combustion with Pure Ammonia Feed in Building Materials Industrial Kilns” were held at Foshan Xianhu Laboratory. The project is led by Foshan Xianhu Laboratory and undertaken jointly with Tsinghua University, Zhejiang University, Xi’an Jiaotong University, Monalisa Group Co., Ltd., Fuzhou University, Huazhong University of Science and Technology, Wuhan University of Technology, and the Institute of Process Engineering, Chinese Academy of Sciences. (II) Corporate Developments Wuxi Lead Intelligent Equipment Co., Ltd.: The company disclosed its post-hearing prospectus on the Hong Kong Stock Exchange, marking another application after its previous submission failure on 25 February 2025. It is reported that Lead Intelligent was successfully listed on the A-share market as early as 18 May 2015, and by the market close on 23 January 2025 its total market capitalization had exceeded 98.9 billion yuan. Zhongji Sikan Hydrogen Energy Development (Hebei) Co., Ltd.: officially announced that the country's first 20-foot Type IV hydrogen cylinder MEGC (module container) has successfully rolled off the production line. This product adopts a Type IV all-composite material cylinder design, creating a new-type load-bearing structure of "non-metallic liner + composite material layer," which achieves extreme lightweighting while significantly enhancing pressure-bearing capacity and structural stability. Its working pressure is as high as 38 MPa, and the hydrogen loading capacity of a 40-foot standard container can exceed 1 mt. Guangxi Yuchai Machinery Group Co., Ltd.: at its 2026 Global Partners Conference, Yuchai launched its new hydrogen production equipment, the 250 kW PEM electrolysis hydrogen production system. It is reported that the system's overall energy conversion efficiency can reach over 80%, with a load regulation range of 10-20%, an operating pressure of 0.2-1.6 MPa, and a hydrogen output purity of up to 99.999%, with zero hydrogen loss during the regeneration process. Shanghai Electric Nuclear Power Group Co., Ltd.: held discussions and exchanges with the China Special Equipment Inspection and Research Institute. Both sides engaged in in-depth and practical exchanges on deepening strategic coordination in the hydrogen energy field and injecting national-level technology and resource momentum into the high-quality development of the regional hydrogen energy industry. Shanxi Meijin Energy Co., Ltd. : released its 2025 performance forecast. The report indicates that the estimated net profit attributable to shareholders is expected to incur a loss of 850 million to 1.25 billion yuan, compared to a loss of 1.143 billion yuan in the same period last year; the estimated non-recurring net profit loss is 885 million to 1.285 billion yuan, compared to a loss of 1.093 billion yuan in the same period last year; and the basic earnings per share loss is expected to be 0.19 to 0.28 yuan per share. Guohong Hydrogen Energy Technology (Jiaxing) Co., Ltd.: according to the "Consumption Restriction Order" issued by the Shanghai Pudong New Area People's Court, consumption restrictions have been imposed on Guohong Hydrogen Energy Technology (Jiaxing) Co., Ltd., prohibiting the company and its legal representative, Liu Yan, from engaging in high-consumption and non-essential consumption for life and work. The applicant is Shijiatoubo Clean Power Rugao Co., Ltd., with the involved amount being 2,069,202.88 yuan, and this case is a sales contract dispute. Beijing Yihuatong Technology Co., Ltd.: a delegation including Martin Kylau, Commercial Counsellor of the Embassy of the Kingdom of Denmark in China, and Yang Dajun, Senior Vice President of Topsoe and President of China, visited Yihuatong's Zhangjiakou production site for a field trip and exchange. Anhui Mingtian Hydrogen Energy Technology Co., Ltd.: 20 hydrogen energy buses were delivered to Lu'an City, Anhui province. Currently, the hydrogen energy bus ownership in Lu'an City has reached 70 units. III. Technological Advancements: Efficiency and Cost Breakthroughs (A) Hydrogen Production, Storage, and Transportation CatAmmon: Israeli deep-tech startup CatAmmon is developing proprietary ceramic-based catalyst technology for ammonia cracking to produce hydrogen and for ammonia synthesis. The company's ammonia cracking catalyst can convert ammonia into hydrogen at low temperatures of approximately 350–400°C, significantly lower than the operating temperatures of traditional nickel-based systems, while completely avoiding the use of rare or precious metals such as ruthenium. Its ceramic formulation is designed to address the cost and supply chain limitations faced by conventional cracking technologies. The company expects to begin commercial sales in 2027 and achieve profitability in 2028. CIMC ENRIC: A 38.7 m³ Type II tube bundle container project product, developed by its Shijiazhuang Enric Gas Machinery Co., Ltd., has successfully rolled off the production line. Chinese Academy of Sciences: A new technology for shotcreting ultra-high performance concrete (SUHPC), jointly developed by CCCC Second Harbor Engineering Co., Ltd. and the Wuhan Institute of Rock and Soil Mechanics of the Chinese Academy of Sciences, has been successfully applied in the initial tunnel support engineering for China's first rock cavern hydrogen energy storage system project—the Daye Rock Cavern Hydrogen Energy Storage System in Hubei. Foshan Xianhu Laboratory: The industry's first "zero-carbon ammonia-fueled aluminum billet heating furnace" for aluminum extrusion production was launched at Foshan Xianhu Laboratory. This equipment enables zero-carbon operation in the aluminum processing heating stage, marking a significant step forward in the green transformation of China's aluminum processing industry. (B) Fuel Cell Technology/Product Developments South China University of Technology: The team led by Chen Yu discovered a Ce₀.₆Ni₀.₂Cu₀.₂O₂ nanocatalyst with a heterogeneous structure that contributes to high-performance direct methanol protonic ceramic fuel cells. Wuhan University of Technology: Professor Tang Haolin's team collaborated with Professor Jin Huanyu from the Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences. They proposed a strategy of "coupling electron-withdrawing groups to enhance proton delocalization," which reduces the proton delocalization energy barrier in perfluorosulfonimide-biphenyl* acid (PFSI-BPA) membranes through molecular structure design, achieving a synergistic improvement in efficient proton conduction and thermal stability, confirmed through a combination of in-situ measurements and theoretical calculations. Xi'an University of Architecture and Technology: By carefully designing the structure within a titanium dioxide electrolyte and leveraging the synergy between a polystyrene ball cartilage framework and lithium-based electrodes, the team successfully induced an "online in-situ structural transformation" inside the battery, ultimately forming a stable lithium-titanium-oxygen-carbon heterostructure.

I. Policy Review: Hydrogen Energy Policy Developments (I) Domestic Policies Department of Economy and Information Technology of Sichuan Province: Issued the "Key Areas and Directions for New Industrial Tracks in Sichuan Province." The document specifies the following regarding green hydrogen: 1. Hydrogen equipment: Chengdu, Deyang, Panzhihua, Zigong, Neijiang. 2. Key hydrogen materials and core parts: Chengdu, Deyang. Hydrogen fuel cell systems: Chengdu, Deyang. 3. Hydrogen fuel vehicles and rail transit products: Chengdu, Deyang. 4. Distributed hydrogen power generation equipment: Chengdu, Deyang. Hydrogen-oxygen combined cooling, heating, and power facilities: Chengdu, Deyang. Department of Industry and Information Technology of Hunan Province : Issued the "Hunan Province Zero-Carbon Factory Construction Plan (Interim)." The document outlines the main objectives: By 2027, strive to cultivate a number of provincial-level zero-carbon parks. The decrease in carbon dioxide emissions per unit of industrial added value in parks should be significantly higher than the overall societal decrease, forming a set of replicable and scalable experiences in construction paths, development models, low-carbon transformation, and operational management. By 2030, complete and accept a batch of provincial-level zero-carbon parks. Carbon dioxide emissions per unit of industrial added value in parks will further decrease, the energy structure will become increasingly cleaner, energy conservation and consumption reduction will continue to advance, industrial carbon reduction and decarbonization will show significant results, the zero-carbon park construction model will be basically perfected, and the green competitiveness of advantageous industries will reach the domestic advanced level. Department of Industry and Information Technology of Hunan Province: Issued the "Hunan Province Zero-Carbon Park Construction Plan (Interim)." The document states: By 2027, cultivate and construct a number of zero-carbon factories in sectors such as electronic products, engineering machinery, EVs, lithium batteries, PV, rail transit, aerospace, and textiles that achieve leading provincial levels in energy consumption, resource utilization, process technology, and operational management, forming replicable and scalable construction experience. By 2030, gradually extend zero-carbon factory construction to industries including steel, non-ferrous metals, petrochemicals and chemicals, and building materials, complete and accept a batch of zero-carbon factories with significant emission reduction results and prominent driving effects, and effectively promote low-carbon, zero-carbon, and negative-carbon process technologies and operational models in key industries, providing core support for the province's industrial green and low-carbon transformation. By 2035, zero-carbon factory construction will fully accelerate, corporate carbon emissions per unit of energy consumption and product carbon footprints will continue to decline, synergistic carbon reduction across the industry chain will make positive progress, and the efficacy of zero-carbon factories in leading the green, low-carbon, and high-quality development of the province's manufacturing industry will be fully demonstrated. (II) Overseas Developments Max Power: It announced the completion and testing of a natural hydrogen well in Saskatchewan, Canada, defining it as "Canada's first natural hydrogen drilling discovery." Mejillones Ammonia Energy: Obtained environmental approval for its proposed 620,000 mt green hydrogen and ammonia project in Antofagasta, Chile. AM Green: Broke ground on a 1.5 million mtpa green hydrogen-based ammonia plant in Kakinada, Andhra Pradesh, India, targeting initial production by mid-2027. II. Enterprise Dynamics: Project Signings and Technical Cooperation (I) Project Intelligence Hubei Guanggu East Holding Group: The Guanggu East Hydrogen Energy Aoti Avenue Station was completed and put into operation in Daye, marking the second hydrogen refueling station in the area. This station is an integrated energy facility covering an area of 18 mu, featuring refueling, hydrogen refueling, hydrogen storage, charging, and car washing services, with a daily hydrogen refueling capacity of 2 mt. With government subsidies, the selling price of hydrogen is set at 25 yuan per kilogram. Shanghai Lingang New Area Public Transport Co., Ltd.: Issued a procurement for vehicle-use hydrogen for 2026, with a budget of 17.63 million yuan, primarily to supply hydrogen refueling services for hydrogen energy vehicles. The hydrogen quality must meet 99.97% high-purity standards and comply with national and industry standards. The intended supplier is Shanghai Zhongyou Shenneng Hydrogen Energy Technology Co., Ltd. Qingdao Xinbo Holding Group Co., Ltd.: Announced the winning bid result for the hydrogen pipeline project in the hydrogen energy industrial park. The bid winner is China Petroleum Pipeline Engineering Co., Ltd., with a winning bid price of 2.0389 million yuan. Beijing Yihuatong Technology Co., Ltd.: Formally signed a strategic cooperation agreement with PowerChina Kunming Engineering Co., Ltd. Both parties will integrate their strengths in hydrogen-electric energy storage technology and new energy engineering to collaborate comprehensively in areas such as wind and solar power, new-type energy storage, green hydrogen production from electricity, and zero-carbon intelligent computing centers. Sinopec Chemical Sales Co., Ltd. Central China Branch : Collaborated with Zhonghan Petrochemical, chemical logistics, and downstream customers to increase the application of hydrogen energy vehicles. In 2025, hydrogen-powered heavy-duty trucks transported 37,000 mt of synthetic resin products, up over 200% YoY. Shanghai Hydrogen Energy Group Co., Ltd. : The opening ceremony for the "Hydrogen Corridor" in Southwest China and the launch ceremony for 300 hydrogen-powered heavy-duty trucks under the Hydrogen Energy Group's Fengyuan Integrated Wind-Solar Hydrogen Production and Refueling Project were held at the Yunnan FuYuan Coal Intelligent Logistics Park. Beijing Haidelizi New Technology Co., Ltd.: Haidelizi successfully won the bid for CNOOC Gas and Power Group Co., Ltd.'s "Fuel Cell Combined Heat and Power System Integration, Testing, and Commissioning Project." (II) Enterprise Dynamics SPIC (Tianjin) Energy Investment Co., Ltd.: was officially established recently. The company has a registered capital of 200 million yuan and is located in Room 318, Huaying Building, Central Avenue, Tianjin Pilot Free Trade Zone (Airport Economic Zone), hosted by Nabai Chuan (Tianjin) Business Secretary Co., Ltd., with hosting number 812, and its legal representative is Peng Wansheng. The company's business scope is extensive, covering multiple areas. General business items include: construction and operation of centralized fast charging stations; cooling supply services; sales of solar thermal utilization equipment; information system integration services; contract energy management; engineering management services; solar power generation technical services; leasing of computers and communication equipment; consulting and planning services; professional design services; data processing services; industrial internet data services; operation of EV charging infrastructure; ESS technical services; sales of hydrogen refueling and storage facilities for stations; wind power generation technical services; leasing of PV power generation equipment. At the same time, the company is also involved in some licensed business items, specifically including: electricity supply business; power generation, transmission, and distribution business; installation, maintenance, and testing of transmission, supply, and receiving power facilities; electrical installation services, etc. Shaanxi Hydrogen Energy Industry Development Co., Ltd.: held a discussion and exchange with the China Special Equipment Inspection and Research Institute, where both sides conducted in-depth and practical exchanges on deepening strategic synergy in the hydrogen energy field and injecting national-level technology and resource momentum into the high-quality development of the regional hydrogen energy industry. Shanxi Meijin Energy Co., Ltd. : released its 2025 performance forecast. The report shows that the estimated net profit attributable to the parent company's shareholders is expected to be a loss of 850 million to 1.25 billion yuan, compared to a loss of 1.143 billion yuan in the same period last year; the estimated non-recurring net profit is expected to be a loss of 885 million to 1.285 billion yuan, compared to a loss of 1.093 billion yuan in the same period last year; and the basic earnings per share are expected to be a loss of 0.19 to 0.28 yuan per share. Shanghai Anting Hydrogen Energy Technology Group Co., Ltd.: received a national-level industry recognition—its official operating entity, Shanghai Anting Hydrogen Energy Technology Group Co., Ltd., was recently officially approved as a member unit of the China Industrial Development Promotion Association. Shanxi Pengfei Group Co., Ltd.: Zheng Peng, Chairman of the Board of Directors, led a team on an invited field trip to Huawei's headquarters in Shenzhen for exchange and discussions, accompanied by Peng Zhongyang, Deputy Head of Huawei's Strategic Reserve Corps, and Ding Xu, Minister of Quality Operations and Process IT Department of the Intelligent Automotive Solutions BU, among others. Shanghai Kunhua New Energy Technology Co., Ltd.: made an appearance at the 18th World Future Energy Summit held at the Abu Dhabi National Exhibition Centre in the UAE. III. Technological Advancements: Efficiency and Cost Breakthroughs (1) Progress in Hydrogen Production, Storage, and Transportation Beijing Hydrogen Energy Innovation Center: At the "Hydrogen Heart, Peer Cooperation, Creating a Winning Future" achievements release conference of the Beijing Hydrogen Energy Innovation Center, the center unveiled its R&D achievements in the forward-designed integrated hydrogen-electric chassis for heavy-duty trucks. The project's version 2.0 heavy-duty truck achieved a hydrogen consumption of 7.1 kg per 100 kilometers under plain operating conditions, and the vehicle supports flash charging, with refueling completed in 10-15 minutes. CIMC ENRIC: The product of the 38.7 m³ Type II tube bundle container project, developed by its Shijiazhuang ENRIC Gas Machinery Co., Ltd., has successfully rolled off the production line. Chinese Academy of Sciences: A new technology of Sprayed Ultra-High Performance Concrete (SUHPC), jointly developed by CCCC Second Harbor Engineering Co., Ltd. and the Wuhan Institute of Rock and Soil Mechanics of the Chinese Academy of Sciences, has been successfully applied in the initial tunnel support engineering of China's first rock cavern hydrogen energy storage system project—the Daye Rock Cavern Hydrogen Energy Storage System in Hubei Province. Foshan Xianhu Laboratory: The industry's first "Zero-Carbon Ammonia-Fueled Aluminum Billet Heating Furnace" for aluminum extrusion production was launched at Foshan Xianhu Laboratory. This equipment enables zero-carbon operation in the aluminum processing heating stage, marking a significant step forward in the green transformation of China's aluminum processing industry. (2) Fuel Cell Technology/Product Developments South China University of Technology: The team led by Chen Yu discovered a Ce₀.₆Ni₀.₂Cu₀.₂O₂ nanocatalyst with a heterogeneous structure, which contributes to high-performance direct methanol protonic ceramic fuel cells. Wuhan University of Technology: Professor Tang Haolin's team collaborated with Professor Jin Huanyu from the Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences. They proposed a strategy of "coupling electron-withdrawing groups to enhance proton delocalization." Through molecular structure design, they reduced the proton delocalization energy barrier in perfluorosulfonimide-biphenyl* acid (PFSI-BPA) membranes, achieving a synergistic improvement in efficient proton conduction and thermal stability. This was confirmed through a combination of in-situ measurements and theoretical calculations. Xi'an University of Architecture and Technology: By carefully designing the structure within the titanium dioxide electrolyte and leveraging the synergy between polystyrene sphere templates and lithium-based electrodes, the team successfully induced an "online in-situ structural transformation" inside the battery, ultimately forming a stable lithium-titanium-oxygen-carbon heterogeneous structure.

I. Policy Review: Hydrogen Policy Developments (A) Domestic Policies General Office of the People's Government of Henan Province : Issued the "Several Policy Measures to Promote a Good Start in Economic Development in the First Quarter of 2026". The document proposes that from January 1, 2026, to December 31, 2027, hydrogen-powered trucks passing through toll roads within the administrative region of Henan Province will continue to be exempt from tolls. Simultaneously, to strengthen the energy foundation for the development of the new energy industry, the document encourages enterprises to plan and construct renewable energy power generation projects, such as PV power generation, wind power generation, and waste heat and pressure power generation, according to the generation-grid-load-storage integrated model, by enhancing the self-sufficiency rate of green electricity to reduce production energy costs. Hebei Provincial Development and Reform Commission (NDRC) : Issued the "Notice on Printing and Distributing the List of Key Provincial Construction Projects in Hebei Province for 2026". The document indicates that the province announced the list of key construction projects for 2026, which explicitly includes 15 key hydrogen industry projects. These cover the entire industry chain's key links, including hydrogen production, hydrogen storage, equipment manufacturing, and end-use applications, with 3 new projects to commence and 12 ongoing projects. New projects to commence (3 items): Hebei Feitian Future 300,000 mt/year Sustainable Energy Hydrogen Refueling Integrated Project; Hebei Hechen Hydrogen Cylinder Production Project (Feixiang District); North China Petrochemical 100,000 mt/year Sustainable Aviation Fuel (SAF) Project (Renqiu City). Ongoing projects (12 items): CSSC Wind Power Hydrogen Production, Storage, Application and ESS Equipment R&D and Manufacturing Base Project (Xingtai Economic Development Zone); CSSC Peric Hydrogen Equipment Industrial Park Phase I Construction Project (Handan Economic Development Zone); Tangshan Yue'an Hydrogen-Electric New Energy Qian'an Hydrogen-Electric Integrated Energy Station (Qian'an City); Zhongneng Yida (Hebei) New Energy New 400,000 mt/year Sustainable Aviation Fuel Hydrogenation Project (Shenze County); Handan Fengda Cixian Coal Mining Subsidence Area Wind-Solar-ESS-Hydrogen Integrated Base Project Phase I (200MW Guaranteed Wind Power) (Cixian County); Hebei Dexin Hydrogen Technology Coke Oven Gas Hydrogen Production Comprehensive Utilization Project (She County); Energy China Green Hydrogen China Energy Construction Shijiazhuang Luquan District PV Hydrogen Production and Hydrogen Supporting Industry Project (Luquan District); Guiyan New Energy Hydrogen Industry Base Project (Qinhuangdao Haigang District); Hebei Zhongrui Automotive Hydrogen Fuel Cell and New Energy Special Vehicle Project (Wei County); Sunrise Power Hydrogen Equipment Industrial Park (Wu'an Enclave) Phase I Project (Hanshan District); Hebei Fengmei Coking Coke Oven Gas Hydrogen Production Co-production SNG Construction Project (Fengfeng Mining Area); Hebei Xuyang Energy Co., Ltd. 5 mt/day Liquid Hydrogen Demonstration Project (Dingzhou City). (B) Overseas Developments Vinssen: Launched South Korea's first hydrogen fuel cell-powered ship, the Hydro Zenith. This aluminum leisure vessel measures 17.4 meters in length, weighs 32 mt, and has a maximum speed of 20 knots. It is powered by two 100 kW fuel cells and four sets of 92 kW lithium-ion batteries. Niederbarnimer Eisenbahn (NEB): The restart of the Heidekrautbahn line north of Berlin, Germany, led by Niederbarnimer Eisenbahn (NEB) and Siemens Mobility in collaboration with multiple partners including Ballard, has been successfully revived with the support of Siemens Mobility's Mireo Plus H trains. These trains utilize Ballard fuel cell technology and are designed to replace diesel multiple units on this non-electrified line. Indian Railways and the Research Designs & Standards Organisation : Preparations for the inaugural run of the hydrogen train have been completed on the Jind to Sonipat route. The train can travel up to 180 km using 369 kg of hydrogen, with a maximum speed of 110 km/h. The Indian government claims it is the world's longest hydrogen train (with ten carriages) and the most powerful (equipped with two hydrogen fuel cell-powered locomotives with a total power of 2.4 MW). II. Enterprise Developments: Project Signings and Technical Cooperation (I) Project Intelligence Fuyang Contax Bio-Engineering Technology Co., Ltd.: The self-developed high-temperature pure oxygen pressurized bubbling fluidized bed biomass gasification technology unit has successfully completed pilot testing. Under an operating pressure of 0.7 MPa, the unit achieves a carbon conversion rate exceeding 96%, with dry effective syngas accounting for over 60%, while tar content is strictly controlled below 0.003 mg/Nm³. Zhangjiagang Jiyang Travel Service Co., Ltd.: Issued a tender for the procurement of hydrogen-assisted bicycle operation services in Zhangjiagang City. The procurement budget is set at 4 million yuan per year. Tender requirements: The supplier must independently fund the deployment of no fewer than 3,000 and no more than 6,000 hydrogen-assisted bicycles and corresponding supporting equipment within Zhangjiagang City, along with a corresponding system management platform for unified operation and maintenance of the newly deployed bicycles. Shaanxi Hydrogen Energy Transport Co., Ltd.: The procurement for the 2026 hydrogen-powered heavy-duty tractor and trailer maintenance project has been invalidated due to an insufficient number of bidders (fewer than three). Jinda Hongjing (Shache) Hydrogen Energy Technology Co., Ltd.: Issued a termination announcement for the procurement of the engineering, procurement, and construction (EPC) contract and supervision services for the 250 kt/year green methanol project (Phase I: 100 kt/year) based on photovoltaic-hydrogen-biomass gas coupling co-production. According to the announcement, the tenders were terminated due to major changes in the projects, and the projects were terminated at the request of the bid inviter. Rare Earth New Material Technology Innovation Center : The "High-Density Rare Earth Solid-State Hydrogen Storage Technology and Demonstration Application" project, led by the Rare Earth New Material Technology Innovation Center in collaboration with Baotou Rare Earth Research Institute and Baotou Jinchuang Technology Co., Ltd., has made new progress. The core breakthrough of the system lies in effectively overcoming the technical bottleneck of the long-duration, high-rate hydrogen supply requirement for ton-scale NdFeB materials during the "burst period" of the hydrogen absorption reaction. Zhongye Wukan Engineering Technology Co., Ltd. : The project forum and groundbreaking ceremony for the R&D and Application Demonstration Base of Underground Distributed Hydrogen Storage Equipment were held in Wuhan. Gascade: German natural gas operator Gascade-Gastransport has completed the conversion of a 400-km natural gas pipeline for hydrogen transportation. It is reported that the initial filling of the pipeline sections constituting the "North-South Axis" of the joint Flow project has been completed. This pipeline starts from Lubmin and connects to Bobbau in Saxony-Anhalt. PipeChina : China's first full-scale high-pressure pure hydrogen pipeline leakage jet fire test series was successfully conducted in Hami, Xinjiang. Jiangsu Huade Hydrogen Energy Technology Co., Ltd. : Successfully completed the production and full-machine debugging of a new set of the HyESS-R residential hydrogen-electric energy storage system, which was shipped to a well-known university in Germany. (II) Enterprise Dynamics Beiqi Foton Motor Co., Ltd. : At Foton's 2026 Business Annual Meeting, Foton's Kawen Motors officially launched the mass production version of the Kawen BEACON heavy-duty truck and simultaneously displayed the BEACON family's pure electric, gaseous hydrogen, and liquid hydrogen powered car models. Jiangsu Shuangliang Hydrogen Energy Technology Co., Ltd. : Obtained the "GC2 Grade Pressure Pipeline Design License". Beijing Hydrosys Technology Co., Ltd. : Assisted in the official operation of the first hydrogen refueling station in the seaport area of Tianjin Port Free Trade Zone. It is reported that Hydrosys, leveraging its deep expertise in high-pressure fluid applications and hydrogen safety control technologies, provided critical hydrogen refueling station system integration technical support for this benchmark project. Shanghai Xinran Compressor Co., Ltd. : Released an AI-based [Artificial Intelligence] professional planning solution for diaphragm compressors. Xinyan Hydrogen Energy Technology Co., Ltd. : The Fujian Province's first hydrogen energy bus demonstration line—Xiamen Route 736—jointly developed with Xiamen King Long United, was officially launched. The core fuel cell system for this line was provided by Xinyan Hydrogen Energy. III. Technological Advancements: Efficiency and Cost Breakthroughs (I) Hydrogen Production, Storage, and Transportation Beijing Hydrogen Energy Innovation Center: At the "Hydrogen Heart, Peer Cooperation, Creating and Winning the Future" Beijing Hydrogen Energy Innovation Center Achievement Release Conference, the center unveiled its R&D achievements in the forward-designed integrated hydrogen-electric chassis for heavy-duty trucks. The project's version 2.0 heavy-duty truck achieved a hydrogen consumption of 7.1 kg per 100 kilometers under plain operating conditions, and the vehicle supports flash charging, with refueling completed in 10-15 minutes. CIMC ENRIC: The 38.7 m³ Type II tube bundle container project product, developed by its Shijiazhuang ENRIC Gas Machinery Co., Ltd., successfully rolled off the production line. Chinese Academy of Sciences: A new technology for spraying ultra-high performance concrete (SUHPC), jointly developed by CCCC Second Harbor Engineering Co., Ltd. and the Wuhan Institute of Rock and Soil Mechanics of the Chinese Academy of Sciences, was successfully applied in the initial tunnel support project for China's first rock cavern hydrogen energy storage system - the Hubei Daye Rock Cavern Hydrogen Energy Storage System. Foshan Xianhu Laboratory: The industry's first "zero-carbon ammonia-fueled aluminum billet heating furnace" for aluminum extrusion production was launched at the Foshan Xianhu Laboratory. This equipment enables zero-carbon operation in the aluminum processing heating stage, marking a significant step forward in the green transformation of China's aluminum processing industry. (II) Fuel Cell Technology/Product Developments South China University of Technology: Research by Chen Yu's team discovered a Ce₀.₆Ni₀.₂Cu₀.₂O₂ nanocatalyst with a heterogeneous structure, which contributes to high-performance direct methanol protonic ceramic fuel cells. Wuhan University of Technology: Professor Tang Haolin's team collaborated with Professor Jin Huanyu from the Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences. They proposed a strategy of "coupling electron-withdrawing groups to enhance proton delocalization." Through molecular structure design, they reduced the proton delocalization energy barrier in perfluorosulfonimide-phenyl*acid (PFSI-BPA) membranes, achieving a synergistic improvement in efficient proton conduction and thermal stability, which was confirmed through a combination of in-situ measurements and theoretical calculations. Xi'an University of Architecture and Technology: By carefully designing the structure within a titanium dioxide electrolyte and leveraging the synergy between polystyrene sphere templates and lithium-based electrodes, the team successfully induced an "online in-situ structural transformation" inside the battery, ultimately forming a stable lithium-titanium-oxygen-carbon heterogeneous structure.

I. Policy Review: Hydrogen Policy Developments (I) Domestic Policies National Energy Administration: Issued the "Greenhouse Gas Voluntary Emission Reduction Project Methodology: Renewable Energy Water Electrolysis for Hydrogen Production (CCER-01-004-V01)". The notice proposes that local ecological environment and energy departments should support renewable energy water electrolysis for hydrogen production projects and SF6 recovery and purification projects for electrical equipment to participate in trading. It encourages wind and solar power hydrogen production projects to enhance benefits by integrating with hydrogen transmission pipelines and natural gas pipeline networks, and promotes the coordinated development of hydrogen production and pipeline hydrogen transmission. This means wind and solar power hydrogen production projects will gain an additional CCER trading revenue channel. The renewable energy water electrolysis for hydrogen production methodology focuses on the energy sector and is applicable to new projects meeting specific conditions: they must use electricity from their own wind or PV power plants (self-generation for self-consumption, under the same legal entity), and the power generation facilities and hydrogen products must not participate in other emission reduction mechanisms; they must also comply with water resource management requirements, have monitoring data connected to the network, and adhere to laws and policies. Notably, considering the industry is in its early stages with high costs and risks, eligible projects can be exempted from additionality demonstration. National Development and Reform Commission (NDRC): Issued the "Statistical Classification of the Low-Altitude Economy and Its Core Industries (Trial)". The document states that the low-altitude economy is a comprehensive economic form driven by low-altitude aviation activities that spur innovation in related industries and application scenarios. This classification defines the scope of the low-altitude economy into four major categories: 01 Low-altitude Manufacturing, 02 Low-altitude Operations, 03 Low-altitude Infrastructure and Information Services, and 04 Low-altitude Supporting Industries. This includes the manufacturing of fuels and petroleum products for low-altitude use, referring to the production of fuels, petroleum products, and chemical products for low-altitude aircraft, including aviation gasoline, kerosene, biofuels, lubricants, hydrogen energy, and other aviation fuels and petroleum products consumed during the production, use, maintenance, and repair of low-altitude aircraft, as well as sealants and adhesives, cleaners, paint strippers, anti-corrosion supplies, and various pure chemical reagents. Urumqi, Xinjiang: "Urumqi Hydrogen Energy Industry Development Three-Year Action Plan (2025-2027)". Overall Goals (2027 Core Indicators) Industry Chain: The entire industry chain of hydrogen "production, storage, transportation, refueling, and application" is basically formed, with initial results in industry cultivation; Green Hydrogen Capacity: Completion of more than 3 integrated wind and solar power hydrogen production projects, adding no less than 20kt/year of green hydrogen capacity; Infrastructure: Construction of more than 5 hydrogen refueling stations (including comprehensive energy stations), with continuous improvement in the layout of the hydrogen storage and transportation network; Demonstration Applications: Demonstration operation of more than 300 fuel cell vehicle units, covering areas such as public transport, logistics, and mines. Xiamen Development and Reform Commission: Draft for Comments on Several Policies and Measures to Promote High-Quality Development of the Hydrogen Energy Industry in Xiamen, the draft proposes to support enterprises in constructing new projects and expanding production capacity related to hydrogen energy equipment and key materials (including technological upgrades and efficiency improvements), providing subsidies of up to 10% of the investment in production equipment and facilities, with a maximum of 30 million yuan per project; it also supports the demonstration applications of hydrogen energy in transportation, industry, energy, and construction. Each year, a batch of advanced and influential hydrogen energy benchmark scenarios will be solicited and selected, offering rewards of up to 30% of the total project investment, with a cap of 1 million yuan. (II) Overseas Developments Tokyo University of Science, Japan : Developed a new type of dye-sensitized photocatalyst that can effectively capture long-wavelength visible light for efficient hydrogen production, outperforming traditional photocatalytic systems. IVECO BUS: Delivered its hydrogen fuel city bus, the GX 337 H2 LINIUM, to Lorient Agglomeration in France, marking the first delivery of this model in Europe by IVECO BUS. ZeroAvia: Secured private capital from a group of strategic investors focused on climate. In the short term, ZeroAvia is expected to focus on national defense, drones, and early commercial aviation applications. Its key priority is the Super Stack Flex modular fuel cell system, which has already been supplied to defense customers and positioned as a dual-use platform for both military and civilian aviation markets. II. Corporate Dynamics: Project Signings and Technical Collaborations​ (I) Project Intelligence​​ Baosteel Zhanjiang Iron & Steel Co., Ltd. : Its first domestic near-zero carbon steel production line with an annual capacity of one million tons was fully operational at Baosteel Zhanjiang, successfully producing 220 mt of molten steel on the day of commissioning. Guangdong Yuntao Hydrogen Energy Technology Co., Ltd.: Completed the delivery of 201 hydrogen commercial vehicles to multiple companies including Zhikar Technology and Guanghuan Factory in Guangzhou Baiyun, and signed a procurement agreement for 118 hydrogen vehicles with Guangzhou Jiaoneng Ronghe Operation Management Co., Ltd., setting a new record for regional bulk deployment of hydrogen commercial vehicles with a total of 319 units. The delivered models include 18-ton wing logistics trucks, 4.5-ton refrigerated trucks, and hydrogen tractors, all equipped with the "Pilot One" fuel cell system. Tianjin Rongcheng New Energy Technology Group Co., Ltd.: Recently delivered a total of 65 hydrogen vehicles, with 30 hydrogen heavy-duty trucks delivered to Tianjin Hande Logistics Co., Ltd. for the exclusive use of CNOOC's equipment and material transportation in the Beijing-Tianjin-Hebei-Shandong region; another 35 were delivered to Tianjin Development Zone Xintianli Trading Co., Ltd., mainly serving container port cargo pick-up and delivery at Tianjin Port. Dongguan Energy Investment Group Co., Ltd. : The inauguration ceremony for Dongguan's first hydrogen refueling station was held at the Dongguan Energy Shatian Hydrogen Refueling Station on Shatian Avenue, Shatian Town, Dongguan City. This is a Level 3 station primarily serving hydrogen fuel cell logistics vehicles, sanitation trucks, heavy-duty trucks, etc., with an investment scale reaching 15 million yuan. It has a designed maximum refueling capacity of 1,000 kg/day, a maximum working pressure of 35 MPa for the hydrogen dispenser, and can reduce carbon dioxide emissions by approximately 15.48 mt daily. Zhijiangxi Service Area Hydrogen Refueling Station on the Han-Yi Expressway : Since its commissioning in March 2024, it has maintained a safe and stable operation record, delivering outstanding performance with solid results. As of now, it has cumulatively dispensed nearly 100 mt of hydrogen, provided refueling services for 5,000 vehicles, and achieved 15,000 hours of safe equipment operation. Hydroyun (Henan) New Energy Technology Co., Ltd. : A strategic cooperation achievement with the Yutong Group – 50 hydrogen fuel cell tractor trucks were officially delivered to the customer. This delivery included two main series: 10 units of the 180kW long-driving range version, specifically designed for long-haul trunk logistics with a driving range of up to 600 km, meeting cross-regional transport needs and significantly improving transport efficiency; and 40 units of the large battery capacity version, optimized for medium- and short-distance, high-load transport scenarios with improved battery system and power matching, offering a pure electric range of 170 km, a pure hydrogen range of 330 km, and a comprehensive range of 500 km. They possess excellent load capacity and gradeability, suitable for short-distance shuttle transport scenarios such as ports and industrial parks. China Classification Society (CCS): The naming and delivery ceremony was held for the 6,300 m³ LPG/liquid ammonia carrier "An Tai Yuan", for which CCS executed the plan approval and construction survey. This vessel was also the last newbuilding delivered by the Dalian Branch in 2025, marking a perfect conclusion to the construction survey work for the "14th Five-Year Plan" period. Feichi Auto Technology: The 49T hydrogen fuel cell heavy-duty truck, co-developed with partners, was officially delivered to a client in the Middle East. (II) Enterprise Dynamics Shaanxi Hydrogen Research Institute : Two national standards compiled by Shaanxi Hydrogen Research Institute, Southwest Chemical Research Institute, and other units were officially released by the State Administration for Market Regulation and the Standardization Administration of China. The two national standards are "Hydrogen - Part 1: Industrial Hydrogen" (GB/T 3634.1-2025) and "Hydrogen - Part 2: Pure Hydrogen, High-Purity Hydrogen and Ultra-Pure Hydrogen" (GB/T 3634.2-2025). Both were proposed by the China Petroleum and Chemical Industry Federation and will be officially implemented from May 1, 2026. Meijin Energy : The Department of Ecology and Environment of Shanxi Province officially announced the "Pilot List for the Shanxi Provincial Product Carbon Footprint Management System (Second Batch)", and Meijin Energy was selected as a pilot in the Shanxi Provincial Product Carbon Footprint Management System. Zhongye Wukan Engineering Technology Co., Ltd. : The Forum and Groundbreaking Ceremony for the R&D and Application Demonstration Base Project of Underground Distributed Hydrogen Storage Devices was grandly held in Wuhan. It is understood that this project is the first R&D and application demonstration base project for underground distributed hydrogen storage devices in Central China, a key scientific and technological achievement transformation project in Wuhan, and a vivid practice of the deeply integrated innovation mechanism of "industry-university-research-application" in the hydrogen energy field. III. Technological Progress: Breakthroughs in Efficiency and Cost (I) Production, Storage, and Transportation Sector Beijing Hydrogen Energy Innovation Center: At the "Hydrogen Heart, Peer Cooperation, Creating and Winning the Future" Beijing Hydrogen Energy Innovation Center Achievements Release Conference, the center announced the R&D achievements of a forward-designed integrated hydrogen-electric chassis for heavy-duty trucks. The project's Version 2.0 heavy-duty truck achieved a hydrogen consumption of 7.1 kg per 100 kilometers under plain conditions, and the vehicle supports flash charging, with refueling completed in 10-15 minutes. CIMC ENRIC: The product of the 38.7 m³ Type II Tube Skid Container project, developed by its Shijiazhuang Enric Gas Machinery Co., Ltd., successfully rolled off the production line. Chinese Academy of Sciences: The new technology of Sprayed Ultra-High Performance Concrete (SUHPC), jointly developed by CCCC Second Harbor Engineering Co., Ltd. and the Wuhan Institute of Rock and Soil Mechanics of the Chinese Academy of Sciences, was successfully applied in the initial tunnel support engineering of China's first rock cavern hydrogen energy storage system project—the Hubei Daye Rock Cavern Hydrogen Energy Storage System. Foshan Xianhu Laboratory: The industry's first "Zero-Carbon Ammonia-Fueled Aluminum Billet Heating Furnace" for aluminum extrusion production was released at Foshan Xianhu Laboratory. This equipment achieves zero-carbon operation in the aluminum processing heating stage, marking a significant step forward in the green transformation of China's aluminum processing industry. (II) Fuel Cell Technology/Product Developments South China University of Technology: The research team led by Chen Yu discovered a Ce₀.₆Ni₀.₂Cu₀.₂O₂ nanocatalyst with a heterogeneous structure, contributing to high-performance direct methanol protonic ceramic fuel cells. Wuhan University of Technology: Professor Tang Haolin's team collaborated with Professor Jin Huanyu from the Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences. They proposed a strategy of "coupling electron-withdrawing groups to enhance proton delocalization," which reduced the proton delocalization energy barrier in perfluorosulfonimide-biphenyl* acid (PFSI-BPA) membranes through molecular structure design, achieving a synergistic improvement in efficient proton conduction and thermal stability. This was confirmed through a combination of in-situ measurements and theoretical calculations. Xi'an University of Architecture and Technology: By carefully designing the structure in a titanium dioxide electrolyte and leveraging the synergy between polystyrene sphere templates and lithium-based electrodes, the team successfully induced an "online in-situ structural transformation" within the battery, ultimately forming a stable lithium-titanium-oxygen-carbon heterogeneous structure.

I. Policy Review: Hydrogen Policy Developments (I) Domestic Policies National Development and Reform Commission (NDRC): "Industry Scope List for Infrastructure Real Estate Investment Trusts (REITs) Projects (2025 Edition)." According to the List, the energy infrastructure sector, in addition to the original clean energy projects such as wind power, PV, and ESS, has added a new application category for "clean, low-carbon, flexible, and efficient coal-fired power generation projects." It explicitly states that three types of eligible coal-fired power generation projects can participate in REITs applications, with one of the core conditions being the co-firing of low-carbon fuels such as biomass, hydrogen, and ammonia, where the heat proportion from co-firing is not less than 10%. This policy adjustment combines hydrogen applications with mechanisms for revitalizing existing assets, providing a capital market support pathway for traditional coal power enterprises to achieve low-carbon transformation through hydrogen retrofitting. Guangzhou Municipal Development and Reform Commission: "Notice on Organizing the Application for the Second Batch of Fuel Cell Vehicle Demonstration Operation Subsidies under the 2025 Hydrogen Industry Development Fund." According to the notice, the subsidy standards are as follows: Light-duty hydrogen fuel cell vehicles (with a total mass of less than 4.5 mt) are eligible for an operational subsidy of up to 0.5 yuan per kilometer traveled within each calendar year, with distances less than 1 kilometer calculated as 1 kilometer. The maximum annual subsidy per vehicle is 20,000 yuan. Medium-duty hydrogen fuel cell vehicles (with a total mass of 4.5 mt or more but less than 12 mt) are eligible for an operational subsidy of up to 1.0 yuan per kilometer traveled within each calendar year, with distances less than 1 kilometer calculated as 1 kilometer. The maximum annual subsidy per vehicle is 40,000 yuan. Heavy-duty hydrogen fuel cell vehicles (with a total mass of 12 mt or more) are eligible for an operational subsidy of up to 2.5 yuan per kilometer traveled within each calendar year, with distances less than 1 kilometer calculated as 1 kilometer. The maximum annual subsidy per vehicle is 100,000 yuan. The calculation period for mileage is from October 1, 2025, to November 27, 2025. (II) Overseas Developments European Commission: On December 1, the European Commission officially released the second list of Projects of Common Interest (PCI) and Projects of Mutual Interest (PMI) for cross-border energy, which includes 235 projects, 100 of which are related to hydrogen and electrolysis. Spain: On November 28, the Spanish Ministry for Ecological Transition and the Demographic Challenge (MITECO) officially announced on November 28, 2025, that it will provide 126.4 million euros in funding through the "Auctions-as-a-Service" (AaaS) mechanism to two green hydrogen projects totaling 160MW. This marks the first time Spain has launched a national-level AaaS mechanism, aimed at providing "backup" support for high-quality projects that did not receive funding in the second round of auctions under the European Hydrogen Bank (EHB). UK: On December 1, BP officially announced the withdrawal of the H2Teesside project, one of the UK's largest blue hydrogen projects, which was planned to be built in the Teesside area of northeastern England. The project was originally intended to produce 1 GW of blue hydrogen annually with supporting carbon capture facilities, but failed due to the loss of core customers, uncontrolled costs, and land use conflicts (the plot was reassigned for a data center). II. Enterprise Dynamics: Project Signings and Technical Cooperation (I) Project Intelligence Hongjing Chuangneng IoT Technology (Guangzhou) Co., Ltd.: Public tender announcement for the procurement of a batch of hydrogen fuel cell semi-trailer tractors and hydrogen fuel cell dump trucks. According to the tender announcement, the project involves the procurement of a total of 250 units of hydrogen fuel cell semi-trailer tractors and hydrogen fuel cell dump trucks, with a total tender budget of 258 million yuan. Section 1: Hydrogen fuel cell semi-trailer tractor (car model one), quantity 150 units, tender budget of 150 million yuan (tax inclusive); Section 2: Hydrogen fuel cell semi-trailer tractor (car model two), quantity 50 units, tender budget of 54 million yuan (tax inclusive); Section 3: Hydrogen fuel cell dump truck (car model three), quantity 50 units, tender budget of 54 million yuan (tax inclusive). Guangzhou Development District Jiaotou Hydrogen Operation Management Co., Ltd.: The project qualification review work announcement was released for the procurement of methanol online hydrogen production and refueling integrated equipment and facilities for the Guangzhou Development District Dongpeng Avenue Hydrogen Refueling Station project. The bid inviter is Guangzhou Development District Jiaotou Hydrogen Operation Management Co., Ltd. Guangdong Chuangneng Technology Co., Ltd., Shaanxi Hydrogen Future Energy Technology Co., Ltd., Guangdong Lanshi Ammonia Hydrogen Energy Equipment Co., Ltd., and Chongqing Naide Energy Equipment Co., Ltd. all passed the qualification review. Anhui Hydrogen Cycle Energy Technology Co., Ltd.: The "Huainan Hydrogen Cycle Hydrogen Production, Refueling, and Filling Integrated Comprehensive Energy Demonstration Station" of Anhui Hydrogen Cycle Energy Technology Co., Ltd., a subsidiary of Beijing Hydrogen Cycle Energy Technology Co., Ltd., officially commenced construction. It is understood that the project is expected to be put into operation in H1 2026, with a daily production capacity of 3 mt of high-purity hydrogen, simultaneous operation of a 60-bar DC fast charging pile and a 90m³ gasoline tank, and an annual carbon reduction of approximately 12,000 mt. Sinopec Star Xinjiang Green Hydrogen Energy Co., Ltd.: Sinopec Star Xinjiang Green Hydrogen Energy Co., Ltd. issued a tender announcement for Section 1 (Framework Agreement) of the design framework services for the chemical plant equipment and auxiliary supporting facilities of the Xinjiang Green Hydrogen Company's green hydrogen plant from 2025 to 2027. The project construction site is located in Kuqa City, Aksu Prefecture, Xinjiang Uygur Autonomous Region, and the tender content covers design services for the green hydrogen chemical plant equipment and auxiliary supporting facilities. Inner Mongolia Huadian Huameng Pipeline Co., Ltd.: A tender announcement was issued for the safety monitoring system of the Daomao Banner to Baotou City hydrogen long-distance pipeline project. The bid inviter is Inner Mongolia Huadian Huameng Pipeline Co., Ltd., and the project is self-funded. The tender content includes information and communication system equipment and accessories - safety monitoring system, high and low voltage switchgear equipment, power station centralized monitoring related systems, communication equipment and accessories, etc. China National Pipeline Network Group Engineering Technology Innovation Co., Ltd. : On December 1, China National Pipeline Network Group Engineering Technology Innovation Co., Ltd. issued a tender announcement for the feasibility study consulting service project of the Chifeng-Jinzhou hydrogen energy transmission pipeline. According to the tender announcement, the Chifeng-Jinzhou hydrogen energy transmission pipeline project involves parallel laying of a hydrogen pipeline and a methanol/liquid ammonia pipeline. The starting gas source is in Yuanbaoshan District, Chifeng City, Inner Mongolia Autonomous Region, and the endpoint is Jinzhou Port in Jinzhou City. The single pipeline route is approximately 320 km long. The hydrogen pipeline has a diameter of 0.61 m, a design pressure of 6.3 MPa, and a design transmission capacity of 450,000 mt/year. The methanol/liquid ammonia pipeline has a diameter of 0.457 m, a design pressure of 6.3 MPa, and a design transmission capacity of 5 million mt/year. One initial station, one pigging station, and one terminal station are set up along the pipeline route, along with 17 valve chambers. (II) Enterprise Dynamics CSSC Shanghai Merchant Ship Design and Research Institute: The first domestically built 41,000 m³ ammonia dual-fuel LPG/liquid ammonia carrier, independently researched and designed for Tianjin Xinan Shipping Co., Ltd., commenced construction at CSSC Huangpu Wenchong Shipbuilding Co., Ltd. witnessed by all parties. CRRC: The international standard IEC 63341-3:2025 "Railway applications - Hydrogen and fuel cell systems for rail vehicles - Performance test methods for fuel cell power generation systems," developed under its leadership, was officially released by the International Electrotechnical Commission (IEC). Refire Group: At the "2025 CSSC Hydrogen Energy Day" event held in Handan, Hebei, Refire Group officially signed a cooperation development agreement for marine fuel cell systems with Wuhan Hydrogen Energy and Fuel Cell Industry Technology Research Institute Co., Ltd. Beijing Zhongxin Hydrogen Pu Energy Technology Co., Ltd.: Beijing Zhongxin Hydrogen Pu Energy Technology Co., Ltd. was established with a registered capital of 1 million yuan and legal representative Zhang Haitao. Shareholder information shows that the company is jointly held by Beijing Zhongxin Hengyuan Energy Technology Co., Ltd. (60% stake), Wu Weihua (15% stake), Bao Yanxiang (15% stake), and Beijing Hydrogen Pu Chuangneng Technology Co., Ltd. (10% stake). Zhejiang Lianhe Hydrogen Energy Group : The Management Committee of Bengbu Economic Development Zone in Anhui and Zhejiang Lianhe Hydrogen Energy Group formally signed a strategic cooperation agreement, jointly launching the Huaihe Hydrogen Port, Hydrogen Energy Data Center, and Hydrogen Energy Joint Factory projects. III. Technological Advancements: Breakthroughs in Efficiency and Cost (I) Progress in Hydrogen Production, Storage, and Transportation Beijing Hydrogen Energy Innovation Center: At the "Hydrogen Heart, Peer Cooperation, Creating and Winning the Future" achievements release conference of the Beijing Hydrogen Energy Innovation Center, the center unveiled its R&D achievements in the forward-designed integrated hydrogen-electric chassis for heavy-duty trucks. The version 2.0 heavy-duty truck project achieved a hydrogen consumption of 7.1 kg per 100 kilometers under plain operating conditions, and the vehicle supports flash charging, with refueling completed in 10-15 minutes. CIMC ENRIC: The product of the 38.7 m³ Type II tube bundle container project, developed by its Shijiazhuang ENRIC Gas Machinery Co., Ltd., successfully rolled off the production line. Chinese Academy of Sciences: A new technology for shotcreting ultra-high performance concrete (SUHPC), jointly developed by CCCC Second Harbor Engineering Co., Ltd. and the Wuhan Institute of Rock and Soil Mechanics of the Chinese Academy of Sciences, was successfully applied in the initial tunnel support project of China's first rock cavern hydrogen energy storage system - the Daye Rock Cavern Hydrogen Energy Storage System in Hubei Province. Foshan Xianhu Laboratory: The industry's first "zero-carbon ammonia-fueled aluminum billet heating furnace" for aluminum extrusion production was launched at Foshan Xianhu Laboratory. This equipment enables zero-carbon operation in the aluminum processing heating stage, marking a significant step forward in the green transformation of China's aluminum processing industry. Shougang Group Co., Ltd.: Successfully developed a full series of hydrogen transmission pipeline steels (B/X42/X52/X60/X65MH), breaking through six key technical bottlenecks such as hydrogen embrittlement damage and low-temperature toughness, and forming a relatively complete product matrix for hydrogen transmission pipeline steels. Bao Shun Shun (Qinhuangdao) Steel Pipe Co., Ltd.: Successfully trial-produced multiple specifications of "longitudinal submerged arc welded pipes" (D610x12.7/14.3mm, material/X60MH) for pure hydrogen transportation. SPIC Central Research Institute: The hydrogen storage and transportation team of the Advanced Low-Carbon Institute developed a large-diameter (DN150), high-pressure (10MPa) non-metallic flexible hydrogen transmission pipeline, which successfully achieved safe and stable operation for 30 days on a test platform. (II) Fuel Cell Technology/Product Developments South China University of Technology: The team led by Chen Yu discovered a Ce₀.₆Ni₀.₂Cu₀.₂O₂ nanocatalyst with a heterogeneous structure, contributing to high-performance direct methanol protonic ceramic fuel cells. Wuhan University of Technology: Professor Tang Haolin's team collaborated with Professor Jin Huanyu from the Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences. They proposed a strategy of "coupling electron-withdrawing groups to enhance proton delocalization," which reduces the proton delocalization energy barrier in perfluorosulfonimide-biphenyl* acid (PFSI-BPA) membranes through molecular structure design, achieving synergistic improvement in efficient proton conduction and thermal stability, and this was confirmed through a combination of in-situ measurements and theoretical calculations. Xi'an University of Architecture and Technology: By meticulously designing the structure in titanium dioxide electrolyte and leveraging the synergy between polystyrene sphere templates and lithium-based electrodes, the team successfully induced an "in-situ structural transformation" within the battery, ultimately forming a stable lithium-titanium-oxygen-carbon heterostructure. Qingneng Co., Ltd.: Launched a 3MW fuel cell power generation system applicable for backup power scenarios in data centers. CIMC Enric: Its subsidiary Jingmen Hongtu Company saw its first marine methanol supply skid successfully pass certification from the China Classification Society, obtaining the CCS product certificate. Hydrogen Green Motion New Energy (Wuhan) Co., Ltd.: A miniature garden sprinkler vehicle, equipped with a hydrogen internal combustion engine 2.0T power system and a built-in miniature PEM hydrogen production device.

I. Policy Review: Hydrogen Policy Developments (I) Domestic Policies Inner Mongolia Autonomous Region Party Committee: "Proposals of the Inner Mongolia Autonomous Region Party Committee on Formulating the 15th Five-Year Plan for National Economic and Social Development." It mentions: promoting new consumption models such as direct green electricity connections and incremental distribution grids, actively undertaking the transfer of advanced green high-energy-consuming industries, expanding non-electric utilization of new energy, and improving incentive policies guiding key energy-consuming industry enterprises to use green electricity. It will conduct research on large-scale wind and solar power hydrogen production and new-type energy storage technologies, and expand energy storage scale. It aims to strengthen the wind-solar-hydrogen-storage industry and create industrial development clusters for green hydrogen, green ammonia, and green methanol. It will promote the development of the entire industry chain for key materials, equipment, and parts in the new energy industry, and build a national-level new energy equipment manufacturing base. It will strengthen the construction of natural gas pipeline network facilities, advance cross-provincial long-distance hydrogen, ammonia, and methanol pipeline projects, and build a safe and efficient backbone network for oil, gas, and green fuels. It will focus on advantageous fields such as new energy, rare earth new materials, carbon-based new materials, semiconductor new materials, non-ferrous metal new materials, green hydrogen-ammonia-methanol, biopharmaceuticals, biological breeding, and the grass and dairy industries to implement a number of major scientific and technological tasks and produce more landmark original achievements. Ministry of Finance and Ministry of Industry and Information Technology: "Proposals of the Inner Mongolia Autonomous Region Party Committee on Formulating the 15th Five-Year Plan for National Economic and Social Development." The "Standards" clearly apply to new energy vehicle government procurement projects for reference by purchasers. Among them, the scope of new energy vehicles is clearly defined, including three major categories: battery electric vehicles, plug-in hybrid (including range-extended) vehicles, and fuel cell (hydrogen energy) vehicles, covering the current mainstream new energy vehicle technology routes, providing a unified classification basis for government procurement of new energy vehicles. (II) Overseas Developments "Low-Carbon Fuels Authorization Act": On November 21, the EU's "Low-Carbon Fuels Authorization Act" was published in the Official Journal of the European Union and took effect 20 days later. It explicitly includes technology pathways such as natural gas reforming with carbon capture (blue hydrogen) and electrolysis not fully powered by renewable energy (an improved version of gray hydrogen, etc.) into the "low-carbon hydrogen energy" category, but requires a 70% reduction in full life cycle carbon emissions compared to fossil fuels (i.e., ≤28.2 grams of carbon dioxide equivalent per megajoule). Suspension of the Baytown, Texas Blue Hydrogen Project : On November 21, ExxonMobil suspended its Baytown, Texas blue hydrogen project. This decision was explicitly disclosed by the company's Chief Executive Officer Darren Woods in an interview with Reuters that day, primarily due to customers' unwillingness to sign long-term off-take agreements. It is understood that the project has invested $500 million and was originally planned to be put into operation in 2027. Möhring Energie Plans 1GW Green Hydrogen-Ammonia Project: From November 22 to 24, German energy company Möhring Energie signed an agreement with the Mauritanian government to develop a 1GW green hydrogen-ammonia project in phases. The first 100MW demonstration project is scheduled to commence operation in 2027, ultimately achieving an annual production of 140,000 metric tons of green hydrogen and 400,000 metric tons of green ammonia, primarily for export to the European market. II. Corporate Developments: Project Signings and Technical Cooperation (I) Project Intelligence Rongcheng New Energy Group: Held a signing ceremony for a strategic cooperation framework agreement on the entire industry chain of green hydrogen with Shenneng Northern Energy Holding Co., Ltd., at the Rongcheng 5G+ Sanzhi Park. Both parties plan to conduct comprehensive strategic cooperation across the complete chain of green hydrogen—"production, storage, transportation, refueling, and application"—working together to promote the high-quality development of the clean energy industry. Yining City Lianchuang Urban Construction (Group) Co., Ltd. : The winning bid result for the Yining City, Ili Prefecture, Green Hydrogen Innovation Application Project (EPC) was announced. According to the announcement, the bid winner is a consortium, comprising Yining City Urban Construction Co., Ltd. as the lead member, with Anhui Construction Engineering Group Installation Co., Ltd. as Consortium Member 1, and Northern Engineering Design & Research Institute Co., Ltd. as Consortium Member 2. The construction scope includes a 10,000 Nm³/h hydrogen production plant and ten sets of 1,000 Nm³/h water electrolysis hydrogen production units. Guangneng Intelligent Equipment (Zhejiang) Co., Ltd.: Formally signed a strategic cooperation agreement with Beijing Yonghydrogen Energy Storage Technology Co., Ltd., jointly announcing the successful rollout of China's first batch of ambient temperature, low-pressure hydrogen vehicles and vessels from Guangneng's Zhejiang production site. SPIC Group Science and Technology Research Institute Co., Ltd. : CPECC Southwest Branch won the bid for the design task of the SPIC Group Science and Technology Research Institute Co., Ltd.'s "Technology Test Platform for Hydrogen-Blended Pipeline Transportation Application Verification" project and signed the contract. CSSC 703 Research Institute: CSSC 703 Research Institute formally signed an ammonia gas turbine joint development agreement with the Hefei Comprehensive National Science Center Energy Research Institute. Both parties will integrate core technological resources and industrial advantages to jointly tackle key technical bottlenecks in ammonia-fired turbines and create zero-carbon power solutions suitable for multiple scenarios such as shipping, power generation, and industrial drive. Tangshan Yue'an Hydrogen-Electric New Energy Technology Co., Ltd.: The equipment procurement tender for the hydrogen refueling and production sections of the Qian'an Hydrogen-Electric Integrated Energy Station EPC project was recently announced. The procurement sets a maximum price limit of 410.6 million yuan and covers eight hydrogen production systems. Specifically, each system’s single electrolyzer delivers a hydrogen output of 1,500 Nm³/h and an oxygen output of 750 Nm³/h. Guangdong Zhongqing Chikan Green Energy Co., Ltd.: The Zhongqing Chikan Integrated Energy Station construction general contracting project recently released the list of winning candidates. The preferred bidder is Shenghui New Energy Co., Ltd., together with the consortium of Shanghai HydrogenFeng Energy Technology Co., Ltd. and China State Construction Fourth Engineering Division Corp., Ltd. Installation Engineering Company, whose bid price is 77,948,864.77 yuan. (II) Enterprise Updates Alstom : While fulfilling its current orders for hydrogen-powered regional trains in France and Europe, the company will pause further development of hydrogen trains and is suspending certain activities related to the advancement of railway hydrogen technology. The specific reason is that the French government is expected to discontinue funding. BMW : Its Hy2Move project received about 273 million euros in public funding aimed at developing hydrogen fuel cell technology for passenger cars. The funding is part of the EU Important Project of Common European Interest (IPCEI) Hydrogen initiative, which supports strategic hydrogen technologies. Of this amount, 191 million euros will come from the German Federal Ministry for Digital and Transport (BMV), and the Bavarian State Ministry for Economic Affairs, Regional Development and Energy (StMWi) will contribute 82 million euros. Xieqing New Energy : At the Dubai Airshow, it signed a hydrogen-powered drone cooperation agreement worth tens of millions of yuan with DRONIFY. Huashang Energy : Officially launched its green methanol product, which received the International Sustainability and Carbon Certification (ISCC EU) from an internationally recognized certification body at the launch event. Zhejiang Lianhe Hydrogen Energy Group : The Bengbu Economic and Technological Development Zone Management Committee in Anhui and Zhejiang Lianhe Hydrogen Energy Group formally signed a strategic cooperation agreement to jointly launch the Huai River Hydrogen Port, hydrogen energy data center, and hydrogen energy joint factory projects. Houpu Shares: Signed a strategic cooperation agreement with Shanxi Pengfei Group, the “chain master” enterprise of Shanxi Province’s hydrogen industry chain. III. Technological Progress: Efficiency and Cost Breakthroughs (I) Production, Storage, and Transport CIMC Enric : The 38.7 m³ Type II tube-bundle container developed by its subsidiary Shijiazhuang Enric Gas Machinery Co., Ltd. has successfully rolled off the production line. Chinese Academy of Sciences: The new Shotcrete Ultra-High Performance Concrete (SUHPC) technology, jointly developed by CCCC Second Harbor Engineering Bureau Co., Ltd. and the Wuhan Institute of Rock and Soil Mechanics of the Chinese Academy of Sciences, has been successfully applied in the initial tunnel support project of China's first rock cavern hydrogen storage facility—the Daye Rock Cavern Hydrogen Energy Storage System in Hubei Province. Foshan Xianhu Laboratory: The industry's first "zero-carbon ammonia-fueled aluminum billet heating furnace" for aluminum extrusion production was launched at Foshan Xianhu Laboratory. This equipment achieves zero-carbon operation in the aluminum processing heating stage, marking a significant step forward in the green transformation of China's aluminum processing industry. Shougang Group Co., Ltd.: Successfully developed a full series of hydrogen pipeline steels, including grades B/X42/X52/X60/X65MH, overcoming six key technical challenges such as hydrogen embrittlement damage and low-temperature toughness, and established a relatively comprehensive product matrix for hydrogen transmission pipeline steels. Bao Shishun (Qinhuangdao) Steel Pipe Co., Ltd., a subsidiary of CNPC: Successfully trial-produced multiple specifications of "longitudinal submerged arc welded pipes" (D610x12.7/14.3mm, material/X60MH) for pure hydrogen transportation. SPIC Central Research Institute: The hydrogen storage and transportation team at the Advanced Low-Carbon Research Institute developed a large-diameter (DN150), high-pressure (10MPa) non-metallic flexible hydrogen pipeline, which achieved safe and stable operation for 30 days on a test platform. (II) Fuel Cell Technology/Product Developments South China University of Technology: A team led by Chen Yu discovered a Ce₀.₆Ni₀.₂Cu₀.₂O₂ nanocatalyst with a heterogeneous structure, which contributes to high-performance direct methanol protonic ceramic fuel cells. Wuhan University of Technology: Professor Tang Haolin's team collaborated with Professor Jin Huanyu from the Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences. They proposed a strategy of "coupling electron-withdrawing groups to enhance proton delocalization." Through molecular structure design, they reduced the proton delocalization energy barrier in perfluorosulfonimide-phenyl* acid (PFSI-BPA) membranes, achieving a synergistic improvement in efficient proton conduction and thermal stability, which was confirmed through a combination of in-situ measurements and theoretical calculations. Xi'an University of Architecture and Technology: By carefully designing the structure within a titanium dioxide electrolyte and leveraging the synergy between polystyrene sphere templates and lithium-based electrodes, the team successfully induced an "online in-situ structural transformation" inside the battery, ultimately forming a stable lithium-titanium-oxygen-carbon heterogeneous structure. HyEnergy Co., Ltd.: Launched a 3MW fuel cell power generation system, which can be applied in backup power scenarios for data centers. CIMC ENRIC: Its Jingmen Hongtu Company's first marine methanol supply skid successfully passed the certification of the China Classification Society and obtained the CCS product certificate. Hydrogen Green Power New Energy (Wuhan) Co., Ltd.: Miniature landscaping sprinkler trucks, equipped with a 2.0T hydrogen internal combustion engine power system and built-in miniature PEM hydrogen production devices.

I. Policy Review: Hydrogen Energy Policy Developments (I) Domestic Policies Ministry of Commerce: "Implementation Opinions on Expanding Green Trade." The opinions propose developing trade in sustainable fuels such as green hydrogen; promoting the use of transport vehicles and ships powered by clean energy sources like renewable synthetic fuels for foreign trade goods transportation; supporting eligible regions in conducting bunkering services for international vessels using bonded liquefied natural gas, biodiesel, green methanol, and green ammonia; accelerating the establishment of a green fuel certification system for shipping and promoting international mutual recognition. Tangshan Municipal Bureau of Industry and Information Technology, Hebei Province: "Public Announcement on the Allocation Plan for the Second-Year Subsidy Funds for Fuel Cell Vehicle Demonstration Applications in Tangshan City." According to the announcement, 10 enterprises across two city clusters will receive demonstration rewards for 789 fuel cell vehicles, with a total reward amount of 545.02 million yuan. Among these, the Beijing-Tianjin-Hebei city cluster involves 4 enterprises with 58 units, and the Hebei city cluster involves 6 enterprises with 731 units. Beijing Municipal Bureau of Economy and Information Technology, Daxing District: "Notice on Soliciting Projects for the 2024 'Interim Measures for Promoting the Development of the Hydrogen Energy Industry in Daxing District (2022 Revised Edition)'." To promote the high-quality development of the hydrogen energy industry, projects are now being solicited for the 2024 "Interim Measures for Promoting the Development of the Hydrogen Energy Industry in Daxing District (2022 Revised Edition)." I. Application Conditions: Specific application conditions are detailed in the 2024 "Interim Measures for Promoting the Development of the Hydrogen Energy Industry in Daxing District (2022 Revised Edition)" Application Guide (Appendix 2). II. Scope of Support: These measures apply to enterprises and non-enterprise units engaged in the hydrogen energy sector for technological innovation, achievement transformation, and platform construction to promote high-quality industrial development. The current solicitation covers Articles 4 to 12 of the "Interim Measures for Promoting the Development of the Hydrogen Energy Industry in Daxing District (2022 Revised Edition)." Dalian City, Liaoning Province: "Public Announcement on the Application Projects for the 2024 Subsidy Funds for the Promotion and Application of Hydrogen Energy Vehicles." According to the announcement, there are a total of 63 projects applying for the 2024 subsidy funds for the promotion and application of hydrogen energy vehicles. The vehicle types involved include heavy-duty transport vehicles, large ordinary buses, light vans, fuel cell medium and large buses, fuel cell sweepers, and fuel cell vacuum trucks. (II) Overseas Developments Toyota Mirai: Mirai owners in California have filed a class-action lawsuit against Toyota, seeking $5.7 billion in compensation. The plaintiffs allege that the company concealed reliability issues, including fuel leaks, refueling failures, and acceleration problems, which rendered the Mirai unsafe and unsuitable for daily use. The lawsuit also alleges that Toyota continued to market and sell Mirai vehicles despite knowing that owners and drivers found it difficult to locate functioning hydrogen refueling stations. The plaintiffs claim that the lack of infrastructure has turned the promised practical zero-emission vehicle into an unreliable one. Hyundai Motor: Held a groundbreaking ceremony for a new hydrogen fuel cell production plant in Ulsan, South Korea. The plant is expected to invest 930 billion won to develop next-generation hydrogen fuel cells and electrolyzers, adaptable for various mobility applications including passenger cars, commercial vehicles, construction equipment, and ships. II. Enterprise Developments: Project Signings and Technical Cooperation (I) Project Information Guangzhou Tianhe District Urban Management and Comprehensive Law Enforcement Bureau: Opened a tender for seven hydrogen-powered sanitation vehicles, totaling 9.99 million yuan. Zhongke Yitan Energy Technology (Dalian) Co., Ltd.: Honeywell and Zhongke Yitan Energy Technology (Dalian) Co., Ltd. entered into a strategic cooperation in the field of sustainable aviation fuel, jointly advancing the implementation of a 10kt ethanol-to-sustainable SAF fuel project in Zhoushan City, Zhejiang. Taiyuan University of Technology: Issued a tender announcement for a hydrogen fuel cell power generation platform. The procured platform will be used to construct a hydrogen fuel cell power generation system in low-temperature environments for the Polar Clean Energy Laboratory, primarily for researching the performance of hydrogen fuel cell power generation devices under polar low-temperature conditions. North China University of Technology: Released a tender announcement for the procurement of equipment for the comprehensive scientific research project in the drone field—specifically, research on new technologies for large hydrogen-electric hybrid long-endurance drones. The procurement involves one set of a heavy-load hybrid drone specialized research equipment platform. Karamay Automobile Transport Co., Ltd.: Issued a tender announcement for a hydrogen fuel procurement project. Kuailun Technology: Signed a phase two project with Hohhot Aerospace Economic Development Zone, planning to invest 100 million yuan to establish an intelligent manufacturing base for future transportation and low-altitude equipment. (II) Enterprise Updates EnN Energy Power Technology (Shanghai) Co., Ltd. : Collaborated with Shanghai Meiyuan Power Technology Co., Ltd. to successfully complete the joint debugging of magnesium-based solid-state hydrogen storage and a micro gas turbine. Oriental Hydrogen Energy Industrial Park Hydrogen Production and Refueling Station: Pioneered a new hydrogen supply model featuring on-site production and direct pipeline supply, with a hydrogen production efficiency of 600 Nm³/h. Shenzhen Hydrogen Blue Era Power Technology Co., Ltd. : Completed a B+ round of financing, invested by the China-South Korea (Changchun) International Cooperation Demonstration Zone Science and Finance Investment Co., Ltd. Upon completion of this round, the investment company will hold a 0.9434% stake in Hydrogen Blue Era. Hyundai Motor: Held an appreciation ceremony for its first hydrogen bus model, equipped with Hyundai Motor's HTWO Guangzhou's mature hydrogen fuel cell bus. Beijing Hydro Ring Energy Technology Co., Ltd.: Formally signed a strategic cooperation agreement with Henan Dahe Siji Cold Chain Logistics Co., Ltd. The two parties will conduct in-depth cooperation in areas such as the construction of integrated hydrogen production and refueling stations, green hydrogen supply guarantee, and demonstration operation of hydrogen fuel cell vehicles. Sichuan Yazhou Petrochemical Energy Co., Ltd. : Sichuan Yazhou Petrochemical Energy Co., Ltd. was established, with Li Ping as its legal representative. Its business scope includes: operation of EV charging infrastructure; sales of NEV battery swapping facilities; sales of hydrogen refueling and storage facilities for stations, etc. Equity penetration analysis via Qichacha shows that the company is jointly owned by China Petrochemical Corporation's subsidiary China Petrochemical Sales Co., Ltd., among others. III. Technological Progress: Breakthroughs in Efficiency and Cost (I) Production, Storage, and Transportation Sector Foshan Xianhu Laboratory: The industry's first "zero-carbon ammonia-fueled aluminum billet heating furnace" for aluminum extrusion production was launched at Foshan Xianhu Laboratory. This equipment achieves zero-carbon operation in the aluminum processing heating stage, marking a significant step forward in the green transformation of China's aluminum processing industry. Shougang Group Co., Ltd.: Successfully developed a full series of hydrogen transmission pipeline steels (B/X42/X52/X60/X65MH), breaking through six key technical bottlenecks including hydrogen embrittlement damage and low-temperature toughness, and formed a relatively complete product matrix for hydrogen transmission pipeline steels. Baoshishun (Qinhuangdao) Steel Pipe Co., Ltd., CNPC: Successfully trial-produced multiple specifications of "longitudinal submerged arc welded pipes" (D610x12.7/14.3mm, material/X60MH) for pure hydrogen transmission. SPIC Central Research Institute: The hydrogen storage and transportation team of the Advanced Low Carbon Institute developed a large-diameter (DN150), high-pressure (10MPa) non-metallic flexible hydrogen transmission pipeline, which successfully achieved safe and stable operation for 30 days on a test platform. Offshore Oil Engineering Special Equipment Branch: The self-developed design achievement of a "cryogenic liquid hydrogen storage tank" for deep-sea floating platforms received the Principle Approval (AIP) certificate from China Classification Society (CCS), signifying that the achievement's safety and reliability fully comply with the classification society's specifications. Dalian Institute of Chemical Physics, Chinese Academy of Sciences: Breakthrough in Alkaline Electrolyzer Membrane Technology: Developed an ultra-thin (20μm) composite separator, increasing the electrolysis system efficiency to 85% (LHV) with a lifespan exceeding 60,000 hours. (II) Fuel Cell Technology/Product Developments Qingneng Co., Ltd.: Launched a 3MW fuel cell power generation system applicable for backup power scenarios in data centers. CIMC ENRIC: Its Jingmen Hongtu company's first marine methanol supply skid successfully passed certification from the China Classification Society, obtaining the CCS product certificate. Hydrogen Green Power New Energy (Wuhan) Co., Ltd.: A micro landscaping sprinkler truck, equipped with a hydrogen internal combustion engine 2.0T power system and a built-in micro PEM hydrogen production device. Liaoning General Aviation Academy: China's first four-seat electric-electric hybrid aircraft, the RX4M, independently developed by the team of Academician Yang Fengtian at the Liaoning General Aviation Academy of Shenyang Aerospace University, successfully completed its maiden flight at Shenyang Faku Caihu Airport, contributing the "China Solution" to the global development of electric aircraft. Dongfang Hydrogen Energy: Obtained a patent in the field of fuel cell technology for a system that improves the humidity of incoming stack air. Georgia Power: Announced the successful completion of the second hydrogen-natural gas blended fuel experiment for the M501GAC natural gas turbine, developed in cooperation with Mitsubishi Power, under partial and full load conditions. US Hydrogen Energy Association (DoE) Leads Formation of the "Hydrogen Refueling Station Compatibility Alliance": Aiming to unify the 70MPa hydrogen refueling gun interface standards, eliminate refueling protocol barriers for automakers like Toyota, Hyundai, and Nikola, and promote interoperability of the hydrogen refueling network.

【SMM Aluminium Flash News】From January to July, the output value of magnesium, aluminum, and copper in Chizhou City reached 33.66 billion yuan, a year-on-year increase of 30.8%. First, establish a product development system. Cultivate innovative products according to a tiered matrix of "new products - three firsts - industrial boutiques - iconic products." In the second quarter of this year, Chizhou Qifan Cable Co., Ltd. and Anhui Zhongbang Special Cable Technology Co., Ltd. released four provincial-level new products. Second, vigorously promote the development of smart factories. Cultivate smart factories according to a tiered matrix of "basic - advanced - excellent - leading." Focus on the supply chain extension and supplementary needs of leading enterprises in the magnesium, aluminum, and copper industry, visit enterprises and attract projects. From January to July, a total of 39 projects with a total investment of 9.05 billion yuan were included in the newly introduced magnesium, aluminum, and copper project database. The 36 projects included in the 2025 key promotion project database for the magnesium, aluminum, and copper industry have completed an investment of 2.18 billion yuan.

I. Policy Review: Hydrogen Policy Dynamics (1) Domestic Policies Hebei Provincial Department of Industry and Information Technology: Issued the Notice on Launching the 2025 Recommendation Work for the Catalogue of Advanced Green and Low-Carbon Technologies and Equipment in the Industrial Sector. The document states that the recommended scope includes low-carbon energy transition technologies such as clean low-carbon hydrogen production and application, high-efficiency ESS, industrial green micro-grids and other renewable-energy-consumption technologies; high-efficiency utilisation of waste heat and pressure, cascade utilisation of system energy, electricity substitution and other multi-energy complementary technologies. Guangzhou, Guangdong Province: Issued the Notice on Organising the 2025 Fuel-Cell Vehicle Demonstration Operation Subsidy Application under the Hydrogen Industry Development Fund. The document specifies subsidies for fuel-cell vehicles connected to national, provincial and municipal demonstration information platforms, differentiated by car model: light-duty hydrogen fuel-cell vehicles (gross vehicle weight Chengdu, Sichuan Province: Issued the Notice on Organising the 2025 Application for Advanced Energy Industry Projects in Chengdu. The document states that green-electricity-to-hydrogen projects are supported: electrolytic hydrogen enterprises with a designed capacity ≥500 Nm³/h will receive an electricity subsidy of 0.15–0.2 yuan/kWh for actual electrolytic hydrogen consumption, with an annual cap of 20 million yuan. The subsidy is co-funded by the city and the district/county where the enterprise is located, with the sharing ratio following the basic ratio for municipal major industrialisation projects. Xiamen, Fujian Province: Released the Xiamen Hydrogen Industry High-Quality Development Action Plan (2025–2027). The Action Plan introduces measures in four areas: creating a hydrogen technology innovation hub, building an advanced hydrogen manufacturing base, orderly developing hydrogen demonstration scenarios, and comprehensively optimising the hydrogen industry environment. To build the innovation hub, the plan calls for breakthroughs in core technologies, continuous R&D across the entire “production-storage-transport-refuelling-use” chain, and the establishment of a national-level innovation platform at the Tan Kah Kee Innovation Laboratory, while supporting all innovators in developing standards for the entire hydrogen industry chain. Policy Interpretation: Hebei Provincial Department of Industry and Information Technology, Notice on Launching the 2025 Recommendation Work for the Catalogue of Advanced Green and Low-Carbon Technologies and Equipment in the Industrial Sector: The policy explicitly includes “clean low-carbon hydrogen production and application” in the recommended scope, directly guiding enterprises to focus on core technologies for hydrogen production, storage, transport and utilisation. Through the catalogue mechanism, projects are steered toward key parks to create regional synergies. Guangzhou, Guangdong Province, Notice on Organising the 2025 Fuel-Cell Vehicle Demonstration Operation Subsidy Application: Subsidy rates favour heavy-duty vehicles, driving hydrogen adoption in logistics and precisely matching high-emission scenarios such as long-haul transport and port logistics. The mileage-based mechanism encourages efficient vehicle use, improves hydrogen economics, and ties subsidies to actual kilometres travelled, avoiding the “purchase without operation” loophole. Chengdu, Sichuan Province, Notice on Organising the 2025 Application for Advanced Energy Industry Projects: Chengdu’s 2025 hydrogen policy creates a “production-refuelling-utilisation” support system through targeted subsidies and scenario opening, expected to boost social investment by more than 2 billion yuan and expand the hydrogen industry scale by over 20%. The policy not only consolidates Chengdu’s national leadership in hydrogen storage and refuelling equipment but also accelerates large-scale hydrogen applications in transport and ESS by lowering green-hydrogen costs and improving the refuelling network. Xiamen, Fujian Province, Xiamen Hydrogen Industry High-Quality Development Action Plan (2025–2027): Xiamen’s hydrogen policy drives development through four dimensions—technology, industry, scenarios and environment—already achieving national leadership in electrolytic hydrogen and solid-state hydrogen storage, with diversified demonstration scenarios speeding up commercial deployment. (2) International Policies European Commission :In September, the Commission officially launched a joint hydrogen procurement platform, aggregating demand from 27 countries to create large-scale orders aimed at lowering green-hydrogen procurement costs and attracting international suppliers. Covering the entire green-hydrogen production and transport chain, the platform will synergise with the IPCEI Hy2Infra programme (6.9 billion euros for pipeline construction). The move directly counters the US Inflation Reduction Act, leveraging collective bargaining to enhance European green-hydrogen competitiveness and is expected to cut electrolyser costs by 40% before 2030. European Commission :On 24 September, the Commission released the Delegated Act on Low-Carbon Hydrogen, clarifying carbon-emission accounting methods for different hydrogen production pathways and requiring green-hydrogen production to use directly connected renewable electricity that meets temporal and geographical matching criteria. The Act will influence investment directions for hydrogen projects within the EU and may become the prototype for global green-hydrogen trade standards. US: In September, the US Department of Energy (DOE) announced $8 billion in funding for regional green hydrogen hubs under the Infrastructure Investment and Jobs Act. Japan : The Ministry of Economy, Trade and Industry (METI) unveiled the National Green Hydrogen Strategy in September, aiming to achieve an annual capacity of 3 million mt by 2040. It plans to provide subsidies for international green hydrogen procurement through a "hydrogen bank" mechanism. The strategy particularly emphasizes cooperation with countries such as Australia and Indonesia to promote the construction of overseas green hydrogen supply chains. Australia : The Department of Climate Change released a new strategy on September 13, setting a target to produce 15 million mt of renewable hydrogen by 2050, with phased capacity planning: 500,000-1.5 million mt by 2030, and 3-5 million mt by 2035. The strategy includes 34 actions, such as establishing a Hydrogen Production Tax Incentive (HPTI) and an origin guarantee program, focusing on supporting export-oriented industries like green ammonia and hydrogen-based steel. Policy Interpretation: 1. Accelerated concentration of R&D and industrial investment in leading countries: The "hydrogen bank" supply chain system being built through cooperation between Japan, Australia, and Indonesia will further strengthen the green hydrogen trade network in the Asia-Pacific region. This "tripolar competition" may lead to regional segmentation of the global hydrogen industry chain, and China needs to accelerate its layout in "soft infrastructure" areas such as technical standards and certification systems. 2. Breakthroughs in storage and transportation technology become the focus of competition: A Japanese team has developed a 90°C solid-state hydrogen battery technology, which could disrupt existing storage and transportation models. Although China has made breakthroughs in organic liquid hydrogen storage technology (reducing costs by 70%), it still needs to catch up in core areas such as liquid hydrogen insulation materials and solid-state hydrogen storage media. II. Corporate Dynamics: Project Signings and Technology Cooperation​​ A. Project Intelligence​​ Vision Motor : Vision Motor delivered 200 hydrogen fuel cell light trucks to Baoding. A ceremony for the centralized delivery and operation of hydrogen-powered vehicles for school food distribution and coal transportation was held at People's Square in Baoding. Sakase Seisakusho : Shandong Sakase Seisakusho Hydrogen Energy Co., Ltd. reached a deep cooperation agreement with a well-known Japanese company, providing 100 standard cubic meters of integrated hydrogen production equipment to jointly build the overseas hydrogen energy market. Qingneng Co., Ltd. : Signed a strategic cooperation agreement with Indian engineering giant Bharat Heavy Electricals Ltd (BHEL). Over the next 10 years, both parties will leverage their respective technological and resource advantages to jointly promote the commercial application of hydrogen-powered rail vehicles in the Indian market. Sany Hydrogen Energy : Successfully won the bid for the Zhongrong New Energy Co., Ltd. project, which aims to produce 1.8 million mt of fine chemicals and 4,000 units of battery fuel hydrogen annually. Yuntao Hydrogen Energy : Restarting the 2025 Hydrogen Refueling Station Equipment Procurement Project. According to the tender announcement, this tender procures 3 sets of 2,000 kg stationary hydrogen refueling equipment, 3 sets of 1,000 kg stationary hydrogen refueling equipment, and 3 sets of 1,000 kg skid-mounted hydrogen refueling equipment, covering 9 hydrogen refueling stations, with the budget amount remaining at 30.18 million yuan. Guangdong Qingneng New Energy Technology Co., Ltd. and Foshan Cole Information Technology Co., Ltd. : Guangdong Qingneng New Energy Technology Co., Ltd. won Lot 1 of the hydrogen vehicle (light refrigerated truck) procurement package (200 light fuel cell refrigerated trucks), with a winning unit price of 560,000 yuan per unit; Foshan Cole Information Technology Co., Ltd. won Lot 2 (150 light fuel cell refrigerated trucks), with a winning unit price of 562,000 yuan per unit. Lu'an City : Lu'an City's 2025 Hydrogen Fuel Cell Bus Procurement Project issued a public tender announcement. According to the announcement, 20 hydrogen fuel cell 8.5-meter series buses are to be procured, with a budget amount of 29.8 million yuan. Shaanxi Hydrogen Energy Industry Development Co., Ltd. : Shaanxi Hydrogen Energy Industry Development Co., Ltd.'s Yulin Zero-Carbon Industrial Park Hydrogen Energy (Hydrogen Production) Demonstration Project issued a Compressor Unit Procurement Project [Section 1: Hydrogen Compressor (Liquid-Driven)] (Second Call) - Tender Announcement. (II) Enterprise Dynamics Weishi Energy : Weishi Energy and Brazil's Institute of Technological Research (Instituto de Pesquisas Tecnológicas, abbreviated IPT) officially announced the establishment of a strategic cooperation relationship. The two parties will conduct joint testing and research focusing on the safety, reliability, and feasibility of hydrogen energy applications in heavy-duty vehicles. Trina Green Hydrogen : Successfully joined the European H2Med Alliance, contributing to the accelerated implementation of the European hydrogen corridor. Meijin Energy : Showcased core technological achievements in the hydrogen energy industry at the 2025 Energy Industry Expo. Vision Group : Vision Group's subsidiary Vision Hydrogen Energy reached a supply cooperation agreement with Amazon Web Services (AWS) for hydrogen energy storage power generation systems, and will provide advanced hydrogen energy solutions for Amazon's new data center in Bangalore, India. Rockcheck Group : Wang Xin, Standing Committee Member of the CPC Committee and Deputy Division Commander of the 14th Division of the Xinjiang Production and Construction Corps in Kunyu City, visited Rockcheck Group and held discussions with Zhang Lihua, Director, Vice President of Rockcheck Group, and Chairman of Rockcheck New Energy Group, on deepening cooperation in the hydrogen energy field and jointly expanding industrial development space. Cangzhou Gangjie Hydrogen Energy Technology Co., Ltd. : Cangzhou Gangjie Hydrogen Energy Technology Co., Ltd. was established. The company is 51% owned by Cangzhou Jiaofa Jieshuo New Energy Development Co., Ltd. and 49% owned by Rongcheng Ganglian Hydrogen Energy Technology (Cangzhou) Co., Ltd. III. Technological Progress: Breakthroughs in Efficiency and Cost (A) Hydrogen Production, Storage, and Transportation Foshan Xianhu Laboratory : The industry's first "zero-carbon ammonia-fueled aluminum billet heating furnace" for aluminum extrusion production was launched at Foshan Xianhu Laboratory. This equipment enables zero-carbon operation in the aluminum processing heating stage, marking a significant step forward in the green transformation of China's aluminum processing industry. Shougang Group Co., Ltd. : Successfully developed a full series of hydrogen pipeline steels (B/X42/X52/X60/X65MH), overcoming six key technical bottlenecks such as hydrogen embrittlement damage and low-temperature toughness, and established a relatively comprehensive product matrix for hydrogen pipeline steels. Bao Shishun (Qinhuangdao) Steel Pipe Co., Ltd., a subsidiary of CNPC : Successfully trial-produced various specifications of "longitudinal submerged arc welded pipes" (D610x12.7/14.3mm, material/X60MH) for pure hydrogen transportation. State Power Investment Corporation (SPIC) Central Research Institute : The hydrogen storage and transportation team of the Advanced Low-Carbon Institute developed a large-diameter (DN150), high-pressure (10MPa) non-metallic flexible hydrogen pipeline, which achieved safe and stable operation for 30 days on a test platform. Offshore Oil Engineering Special Equipment Branch : The self-developed design achievement of a "cryogenic liquid hydrogen storage tank" for deep-sea floating platforms received the Approval in Principle (AIP) certificate from the China Classification Society (CCS), indicating that its safety and reliability fully comply with CCS specifications. Dalian Institute of Chemical Physics, Chinese Academy of Sciences : Made a breakthrough in alkaline electrolyzer membrane technology: developed an ultra-thin (20μm) composite separator, increasing the electrolysis system efficiency to 85% (LHV) with a lifespan exceeding 60,000 hours. (B) Fuel Cell Technology/Product Developments Qingneng Co., Ltd. : Launched a 3MW fuel cell power generation system applicable for backup power scenarios in data centers. CIMC ENRIC : Its subsidiary Jingmen Hongtu Company's first set of marine methanol supply skids successfully passed certification from the China Classification Society and obtained the CCS product certificate. Hydrogen Green Motion New Energy (Wuhan) Co., Ltd. : A mini landscaping sprinkler truck, equipped with a hydrogen internal combustion engine 2.0T power system and a built-in mini PEM hydrogen production device. Liaoning General Aviation Research Institute : China's first four-seat electric-electric hybrid aircraft, the RX4M, independently developed by the team of Academician Yang Fengtian at the Liaoning General Aviation Research Institute of Shenyang Aerospace University, successfully completed its maiden flight at Shenyang Faku Caihu Airport, contributing the "China Solution" to the development of global electric aircraft. Dongfang Hydrogen Energy : Obtained a patent for a system that increases the humidity of air entering the stack in the field of fuel cell technology. Georgia Power : Announced the successful completion of the second hydrogen-natural gas hybrid fuel experiment for the M501GAC natural gas turbine, developed in cooperation with Mitsubishi Power, under both partial and full load conditions. The US Hydrogen Energy Association (DoE) is leading the establishment of the "Hydrogen Refueling Station Compatibility Alliance" : To standardize the interface of 70 MPa hydrogen refueling guns, eliminate hydrogen refueling protocol barriers for automakers such as Toyota, Hyundai, and Nikola, and promote interoperability of the hydrogen refueling network.