On March 11, 2026, Fuzhou Public Transport Group, the largest public transportation operator in Fujian Province by scale, signed a strategic cooperation framework agreement with CATL in Ningde, Fujian. The two parties will join hands to explore new development paths for the second half of the public transport electrification journey. This cooperation will focus on four core areas: bus battery aftermarket services, urban battery swap network construction, battery recycling and utilization, and vehicle-to-grid (V2G) technology. Addressing the challenges of charging efficiency and battery life following the large-scale deployment of electric buses will be a key focus of the collaboration between the two parties.

Waymo and Uber (NYSE: UBER) announced an upgraded strategic partnership: The two parties plan to deploy at least 1,200 Robotaxi units in the Middle East by 2027, covering three major markets—Abu Dhabi, Dubai, and Riyadh. According to the plan, all 1,200 Robotaxi units will be integrated into the Uber App to provide public transportation services.

Recently, Suqian Urban Public Transportation Co., Ltd. and CATL formally signed a strategic cooperation framework agreement. The two parties will engage in in-depth collaboration in areas such as the implementation of the "Ningjia Service," the application of vehicle-to-grid technology, and vehicle aftermarket services, jointly exploring new models for the integrated development of "transportation + energy." This collaboration will also support Suqian in implementing Jiangsu Province's "transportation-energy integration" policies and the "dual-carbon" goals, accelerating the iteration of transportation equipment, and creating a regionally distinctive model for sustainable development.

On December 16, the 5 MW distributed PV hydrogen production, storage, and refueling integrated project of Yue Shui Dian in Bachu County officially commenced operation and successfully produced hydrogen. This project was contracted by Hopo Engineering, a subsidiary of Hopo Co., Ltd., under the "EPC+O" (Engineering-Procurement-Construction-Operation) model. As the first full industry chain demonstration project in the Kashgar region of Xinjiang integrating PV power generation, water electrolysis for hydrogen production, and hydrogen storage and refueling, and also the region's first skid-mounted integrated green hydrogen demonstration project, it achieved a closed-loop across the entire industry chain from "green electricity to green hydrogen" and from "source-grid-load-storage." The project includes the construction of a 5 MW PV power station and a supporting hydrogen production plant, equipped with water electrolysis hydrogen production systems and hydrogen storage devices. It can produce 432 kg of hydrogen per day and is expected to reduce carbon dioxide emissions by approximately 222.59 mt annually. The core equipment of the hydrogen refueling system (compressors, hydrogen dispensers, etc.) are all proprietary brand products from Hopo's subsidiaries. The project took only six months from winning the bid to commencing operation, achieving "commencement and hydrogen production within the same year." This is the third PV hydrogen production, storage, and refueling EPC project delivered by Hopo in Xinjiang, and it will contribute to the development of the local green public transportation system and the optimization of the energy structure.

On June 10, 2025, the launch ceremony for hydrogen-powered two-wheelers, hosted by Wuhan Zhongyu Power System Technology Co., Ltd. (hereinafter referred to as Zhongyu), Hubei Hydrogen Run Travel New Energy Technology Co., Ltd., Hubei Engineering Polytechnic, and others, and themed "Hydrogen Powers a New Journey, Green Shines in Tongdu," was grandly held in Huangshi, Hubei. The first batch of 500 hydrogen-powered two-wheelers in Hubei officially commenced operations at the new campus of Hubei Engineering Polytechnic. Yu Aimin, Deputy Secretary of the Party Committee and Vice President of Hubei Engineering Polytechnic, Chen Biaobiao, Member of the Party Committee and Vice President, Liu Yingping, Chairman of Zhongyu, Dr. Li Xiao, General Manager of Zhongyu, Ding Yuyang, General Manager of Hydrogen Run, and other guests attended the event to jointly witness this significant moment. The First Batch in Hubei Ushers in the Era of Hydrogen-Powered Travel At the launch ceremony, banners fluttered and crowds gathered. Rows of blue hydrogen-powered two-wheelers were neatly lined up at the event site. Guests from the government, faculty and students from universities, and partners gathered to witness the grand opening of this hydrogen energy event. Yu Aimin, Liu Yingping, Li Xiao, and other guests jointly pushed the lever to announce the official operation of the first batch of 500 hydrogen-powered two-wheelers in Hubei. The scene erupted in thunderous applause and cheers. With Yu Aimin's command, the first group of hydrogen-powered shared travel pioneers rode out in a steady stream on hydrogen-powered two-wheelers, ushering in a new era of hydrogen-powered shared travel in Hubei. After the event, partners from across the country, as well as faculty and students from the school, rushed to try out the hydrogen-powered two-wheelers, experiencing the charm of zero-carbon travel powered by hydrogen energy. Pioneers in Zero-Carbon Travel, Decoding the Advantages of Green Travel The 500 hydrogen-powered two-wheelers launched this time were independently developed by Zhongyu. Using hydrogen as their energy source, they emit only water, making them true zero-carbon travel options. Each vehicle can reduce CO2 emissions by approximately 150kg annually. Equipped with Zhongyu's hydrogen fuel cell system and low-pressure solid-state hydrogen storage system, and featuring lightweight fuel cell stacks, intelligent electronic control systems, and user-friendly hydrogen replacement designs, these vehicles can achieve an ultra-long driving range of 90km, maintain full range performance at -10°C, and enable rapid hydrogen replacement in 30 seconds. They are characterized by zero-carbon emissions, environmental protection, safety, reliability, high efficiency, ultra-long driving range, and simple management, making them highly suitable for short-distance travel, commuting within scenic areas/universities, and shared/express delivery scenarios. Along with other hydrogen-powered transportation end-use applications, they are helping to usher in a comprehensive zero-carbon era for public travel. Forging a New Path: Zhongyu Supports Zero-Carbon Travel The market size of China's internet-rented two-wheelers is approximately 30 billion yuan, with an ownership of about 20 million units, a daily average of 100 million orders, and over 300 million users, indicating significant market potential. For short-distance travel needs of 3-5 kilometers and urban public transportation connections, hydrogen-powered two-wheelers, with their superiority in safety, driving range, refueling efficiency, lifespan, and environmental protection, are emerging as a new choice to meet market demands. As one of the early domestic enterprises engaged in the R&D and promotion of hydrogen energy and fuel cells, Zhongyu has achieved layout in key segments of the hydrogen energy industry chain and mastered core technologies. It has completed product development and achieved practical operation in multiple scenarios, including commercial vehicles, ships, backup power supplies, stationary power stations, and hydrogen energy storage systems (ESS). The launch and operation of 500 hydrogen-powered two-wheelers this time marks a new path for Zhongyu in the practical application of hydrogen energy scenarios, penetrating into fields such as urban short-distance travel, commuting within scenic spots/universities, and shared/express delivery services. It can provide customers with integrated hydrogen energy solutions tailored to different scenarios, encompassing hydrogen production and refueling, hydrogen replacement, hydrogen-powered two-wheelers/sightseeing vehicles, and operation services. Drawing the Blueprint for Hubei's Hydrogen Energy Future with Hydrogen as the Brush Hydrogen energy is globally recognized as the ultimate energy source of the future, and its development has become a global consensus. China has explicitly identified hydrogen energy as one of its energy sources and included its development as one of the country's strategic emerging industries. In the "Action Plan for Accelerating the Development of the Hydrogen Energy Industry in Hubei Province (2024-2027)", Hubei Province points out the need to seize the commanding heights of the modern hydrogen energy industry, build a hydrogen energy industry cluster with national influence, and promote the construction of Hubei Province as a strong hydrogen energy province. Huangshi City has proposed in relevant documents to layout future industries such as hydrogen energy, actively explore the development and utilization of hydrogen energy, and accelerate the green transformation of energy. The launch and operation of these 500 hydrogen-powered two-wheelers are the first batch in Hubei Province and among the forefront in China. By conducting shared demonstration operations of hydrogen-powered two-wheelers on university campuses, the application scope will be gradually expanded, promoting Huangshi's transition towards zero-carbon travel and green development. This will set a new benchmark for sustainable and green-low carbon development in Hubei's hydrogen energy industry and contribute Huangshi's strength to building Hubei into a hydrogen energy hub in China. The Journey is Long, but We Start Anew. The launch and operation of the first batch of 500 hydrogen-powered two-wheelers in Hubei Province mark not only an endpoint but also a starting point. Zhongyu will take this as an opportunity to consolidate its advantages, continuously improve, and innovate in hydrogen energy application scenarios, enabling more people to achieve a beautiful life of zero-carbon travel with hydrogen energy!

On June 9, the Jiaxing Municipal Development and Reform Commission issued a notice on the issuance of the Key Points for Carbon Peak and Carbon Neutrality Work in Jiaxing City in 2025 by the Municipal Development and Reform Commission. The document stated that carbon footprint management should be strengthened. A carbon footprint accounting system for the characteristic industry chains of "chemicals - chemical fibers - textiles" and "hydrogen energy and downstream industries" in Jiaxing City should be established, the construction of a regional characteristic factor database should be improved, and the development of the "carbon footprint labeling" system should be promoted. Priority should be given to purchasing products with local carbon footprint labels in government procurement for large-scale conferences, events, etc. Typical experiences such as the "zero-carbon" Two Sessions in Xiuzhou and Pinghu should be promoted, and more carbon sink absorption channels should be expanded. A comprehensive service platform for carbon footprint management in Jiaxing City should be built and improved to promote the formation of a batch of replicable and scalable carbon reduction technologies and practical achievements. The integrated reform of "dual carbon" certification should be deepened, with the cultivation of more than 10 "dual carbon" certified enterprises, the addition of 25 green product certification certificates, and the addition of 3 "dual carbon" certification certificates. Efforts should be accelerated to optimize and upgrade the industrial structure. Vigorously develop leading emerging industries such as intelligent PV, intelligent IoT, and NEVs, and continuously cultivate and expand the "135N" advanced manufacturing clusters. Focus on the three frontier fields of artificial intelligence, life sciences, and future energy, and actively lay out future industrial directions such as hydrogen energy storage, nuclear medicine and nuclear technology, synthetic biology, and brain-like computing. Continuously carry out support and improvement for enterprises with high energy consumption and low efficiency. The policies are as follows: Notice on the Issuance of the Key Points for Carbon Peak and Carbon Neutrality Work in Jiaxing City in 2025 by the Municipal Development and Reform Commission Relevant municipal departments (units), development and reform bureaus of all counties (cities, districts), Economic Development Department of Jiaxing Economic and Technological Development Zone, and Economic Development Department of Zhejiang Zhapu Economic and Technological Development Zone (Jiaxing Port Zone): In order to thoroughly implement the requirements of the Opinions on Promoting the Gradual Shift from Dual Controls on Energy Consumption and Energy Intensity to Dual Controls on Carbon Emissions and Several Measures of Zhejiang Province to Promote Dual Controls on Carbon Emissions, solidly promote the green and low-carbon transformation in the "6+1" fields, and lay a solid foundation for achieving the carbon peak target with high quality during the "15th Five-Year Plan" period, the Key Points for Carbon Peak and Carbon Neutrality Work in Jiaxing City in 2025 are hereby issued to you. Please ensure their effective implementation. Attachment: 1. Key Points for Carbon Peak and Carbon Neutrality Work in Jiaxing City in 2025 Jiaxing Municipal Development and Reform Commission May 29, 2025 Attachment 1 Key Points for Carbon Peak and Carbon Neutrality Work in Jiaxing City in 2025 2025 is the concluding year of the "14th Five-Year Plan". It is necessary to fully implement the requirements of the Opinions on Promoting the Gradual Shift from Dual Controls on Energy Consumption and Energy Intensity to Dual Controls on Carbon Emissions and Several Measures of Zhejiang Province to Promote Dual Controls on Carbon Emissions, grasp the trend of the comprehensive transformation from dual controls on energy consumption and energy intensity to dual controls on carbon emissions, and solidly promote the comprehensive green transformation of economic and social development around accelerating the formation of a spatial pattern, industrial structure, production mode, and lifestyle that conserve resources and protect the environment. The city aims to reduce carbon emission intensity by at least 4.97%, laying a solid foundation for achieving the carbon peak target with high quality during the "15th Five-Year Plan" period. 1. Establish and Improve the Dual Controls System for Carbon Emissions 1. Compile a high-quality analysis and outlook report on carbon emissions for the city's "15th Five-Year Plan" period, and strive to secure carbon emission targets and tasks that are conducive to the city's development from higher authorities. Conduct preliminary research on carbon emission ideas and initiate the calculation of carbon emissions across the city. (Municipal Development and Reform Commission; the first-mentioned unit is the leading entity, and governments of all counties (cities, districts) are the responsible entities; the same hereinafter) 2. Explore the establishment of a system for realizing the value of ecological products in Jiaxing City, research and formulate methods for calculating the Gross Ecosystem Product (GEP) of Jiaxing City, and initially establish a regular scheduling work system. Plan and implement a batch of projects for realizing the value of ecological products, and manage a dynamic project library. (Municipal Development and Reform Commission) 3. Implement technical guidelines for carbon emission assessments of fixed asset investment projects, and conduct preliminary technical reviews of pilot carbon emission assessments for projects in pilot fields such as chemical fibers. (Municipal Development and Reform Commission) 4. Strengthen carbon footprint management. Establish a carbon footprint accounting system for the characteristic industry chains of "chemicals-chemical fibers-textiles" and "hydrogen energy and downstream industries" in Jiaxing City, improve the construction of a regional characteristic factor library, promote the development of the "carbon footprint labeling" system, take the lead in prioritizing the procurement of products with local carbon footprint labels in government procurements for large-scale conferences, events, etc., promote typical experiences such as the "zero-carbon" Two Sessions in Xiuzhou and Pinghu, and expand more channels for carbon sink absorption. Build and improve a comprehensive service platform for carbon footprint management in Jiaxing City, and promote the formation of a batch of replicable and scalable carbon reduction technologies and practical achievements. (Municipal Development and Reform Commission, Municipal Ecology and Environment Bureau) Deepen the integrated reform of "dual carbon" certification, cultivate more than 10 "dual carbon" certified enterprises, add 25 new green product certification certificates, and add 3 new "dual carbon" certification certificates. (Municipal Market Supervision Administration) 5. File more than 3 widely applicable carbon inclusion methodologies throughout the year and complete more than 2 transactions of carbon inclusion emission reductions. Encourage entities developing emission reductions or individuals holding emission reductions in the municipal carbon inclusion market to voluntarily donate or cancel emission reductions, fostering a positive atmosphere for low-carbon public welfare. Explore the effective integration of carbon inclusion trading with ecological damage compensation to expand carbon sink compensation pathways. (Municipal Ecology and Environment Bureau) 6. Strengthen the formulation of carbon emission standards in the field of residents' lives. Take the lead in or participate in the formulation of more than 6 technical specifications related to "dual carbon" and more than 2 carbon-related measurement standards, and conduct joint review services for optimizing enterprise energy measurement and carbon measurement for more than 50 enterprises. In accordance with the requirements of the "Action Plan for the Construction of a Standard and Measurement System for Carbon Peak and Carbon Neutrality in Zhejiang Province (2025-2027)", strengthen the formulation of key and urgently needed carbon-related measurement standards to enhance enterprises' carbon measurement management capabilities. (Municipal Market Supervision and Administration Bureau) II. Continuously Promote Green and Low-Carbon Transformation in Key Areas 7. Accelerate the optimization and upgrading of the industrial structure. Vigorously develop leading emerging industries such as intelligent PV, intelligent IoT, and NEVs, and continuously cultivate and expand the "135N" advanced manufacturing industry clusters. Focus on the three cutting-edge fields of artificial intelligence, life sciences, and future energy, and actively plan for future industries such as hydrogen energy storage, nuclear medicine and nuclear technology, synthetic biology, and brain-like computing. Continue to carry out assistance and improvement programs for high-energy-consuming and low-efficiency enterprises. (Municipal Development and Reform Commission, Municipal Economic and Information Technology Bureau) 8. Further improve the energy system. Make every effort to advance energy project construction, eliminate and upgrade approximately 3,000 sets of various key energy-consuming equipment, and accelerate the construction of major energy infrastructure projects such as the fourth phase of the Jiaxing Power Plant. Vigorously develop non-fossil energy, adding 1 million kW of thermal power and 800,000 kW of PV capacity. By the end of 2025, the installed capacity of renewable energy for power generation will account for over 64%. (Municipal Development and Reform Commission) Expand the consumption of green electricity, achieving approximately 50 billion kWh of market-based electricity consumption throughout the year. (Municipal Development and Reform Commission, State Grid Jiaxing Power Supply Company) 9. Implement the requirements for the transition from dual controls on energy consumption and energy intensity to dual controls on carbon emissions, actively promote cross-regional green electricity certificate and green electricity trading, complete the annual absorption of 8.9 million green electricity certificates, achieve a 3.2% reduction in energy consumption intensity for industries above designated size (excluding projects with separate national energy consumption quotas), comprehensively eliminate coal-fired boilers of 35 steam tons and below, and accomplish the goal of reducing energy consumption intensity during the 14th Five-Year Plan period. (Municipal Development and Reform Commission, State Grid Jiaxing Power Supply Company) 10. Promote the green transformation of the manufacturing industry with improved quality and efficiency, implement 500 key technological transformation projects in the manufacturing industry, and add 12 new provincial-level green factories. (Municipal Economic and Information Technology Bureau) 11. Complete energy-saving renovations for 250,000 m² of existing public buildings and apply renewable energy in 3.37 million m² of buildings. Deepen the construction of future communities and achieve the construction goals for 45 future communities. (Municipal Construction Bureau) 12. Increase the proportion of clean energy vehicles and vessels in transportation, eliminate 449 old commercial freight vehicles of National IV standards and below, add and update 60 NEV buses, 2,000 NEV taxis (including ride-hailing vehicles), eliminate 77 old commercial vessels, and eliminate 1,450 old non-road mobile machinery. Strive to achieve a 100% integration rate of urban and rural public transportation. Build one low-carbon expressway service area and one low-carbon comprehensive water service area. (Municipal Transport Bureau, Municipal Ecology and Environment Bureau) 13. Promote the elimination of over 300 sets of various old agricultural machinery. Continue to build 10 provincial-level demonstration and promotion bases for green prevention and control technologies for crop pests and diseases. (Municipal Agriculture and Rural Affairs Bureau) 14. We will make every effort to accelerate the construction of a beautiful ecological corridor centered on the Beijing-Hangzhou Grand Canal, ensuring the comprehensive completion of tasks during the planning period. We will organize and implement the forest landscape enhancement project, focusing on green corridors between provinces, cities, and counties, as well as forest belts and networks along the Grand Canal, to effectively improve the ecological landscape of forests. The city will increase the area of "multi-field integration" by over 200,000 mu, complete eight comprehensive land improvement projects, and basically achieve the goal of "multi-field integration." (Jiaxing Municipal Bureau of Natural Resources and Planning) 15. Further enhance public awareness of "carbon peaking and carbon neutrality." Led by the goal of building a national demonstration city for household waste classification, we will advocate green and low-carbon production and consumption patterns, promote waste classification as a new fashion for low-carbon living, and aim to achieve an 88% waste classification and treatment rate in Jiaxing by 2025. We will carry out extensive activities to popularize green and low-carbon concepts, as well as initiatives to combat food waste and promote consumption in the catering industry. (Jiaxing Municipal Construction Bureau) 16. Advance breakthroughs in key core technologies. We will optimize the top-level design of science and technology plans, adjust the organization and implementation methods of science and technology plan projects, establish a city-wide integrated work pattern with vertical linkage between cities and counties and horizontal coordination among departments, promote the optimal allocation of scientific and technological innovation resources, and make every effort to advance breakthroughs in key core technologies. We will strive to organize and implement over 10 science and technology projects in the field of green and low-carbon technologies, and apply for the recognition of over 10 high-tech enterprises in the field of green and low-carbon technologies. (Jiaxing Municipal Science and Technology Bureau, Jiaxing Municipal Economic and Information Technology Bureau) III. Strengthen the Platform for "Carbon Peaking and Carbon Neutrality" Work 17. Deepen the pilot demonstration work. We will make every effort to advance the construction of a market mechanism for a new-type power system in Haining, exploring market-oriented means to support the development of new energy, and providing replicable and referential experience models for the efficient utilization of green electricity resources in the national power market. We will actively organize applications for national and provincial pilot demonstrations in areas such as charging infrastructure construction and application, green parks, and green factories, fully leveraging the driving effect of pilot demonstrations to promote the work of "carbon peaking and carbon neutrality" and the realization of the value of ecological products in Jiaxing. (Jiaxing Municipal Development and Reform Commission, Jiaxing Municipal Economic and Information Technology Bureau) 18. Formulate an action plan for the construction of a collaborative innovation zone for pollution reduction and carbon emission reduction, aiming to create over 75 benchmark projects, achieve a 100% completion rate for carbon emission assessment projects, and rank among the top in the province in terms of the collaborative index for pollution reduction and carbon emission reduction. We will formulate "one industry, one policy" action plans to enhance the capacity for pollution reduction and carbon emission reduction in six major industries (power generation, papermaking, chemicals, steel, cement, and petrochemicals). Focusing on key projects with significant pollutant and carbon dioxide emissions and substantial room for improvement in environmental governance performance, we will tailor collaborative solutions for pollution reduction and carbon emission reduction, and provide guidance to cultivate the actual effects of pollution reduction and carbon emission reduction in projects. (Jiaxing Municipal Ecology and Environment Bureau)

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

①According to disclosures from participating companies, with the sustained recovery of the global new energy vehicle (NEV) industry and the rapid rise of the energy storage system (ESS) market, the global demand for lithium batteries has shown a growth trend since 2025. ②The latest sodium-ion battery has achieved an energy density breakthrough of over 200 Wh/kg, approaching the level of lithium iron phosphate (LFP). Although hydrogen energy and hydrogen fuel cells are still in the early stages of industrialisation, they hold immense market potential. Several companies have made new progress in the industrialisation of semi-solid/solid-state batteries.

Recently, the People's Government of Shuicheng District, Liupanshui City, issued the "Announcement on the Action Plan for the Development of the Hydrogen Energy Industry in Shuicheng District, Liupanshui City (2025-2035) (Draft for Public Comments)". The Action Plan states that, relying on the 2 million mt/year coal coking project of Guizhou Energy, it will take hydrogen production from coke oven gas as the starting point, and use public transportation and coal transport heavy-duty trucks as breakthroughs to promote demonstration applications. Centering around the hydrogen production process from coke oven gas, it will carry out the construction of infrastructure for hydrogen production, storage, transportation, and hydrogen refueling stations, and create a demonstration scenario for the application of over 50 hydrogen-powered heavy-duty trucks in the transportation sector. In terms of hydrogen production, it will establish one hydrogen production plant. In terms of infrastructure, it will build over two hydrogen refueling stations. In terms of promotion and application, it will promote new energy equipment such as fuel cell heavy-duty tractors and dump trucks around specific coal logistics and transportation scenarios, including coal mines, coal washing plants, coking plants, thermal power plants, and freight yards. In terms of investment attraction, it will actively introduce a batch of hydrogen energy equipment enterprises, as well as enterprises engaged in the operation and supporting services of fuel cell vehicles. Phase I (2025): Lay the Foundation and Establish Demonstrations Work Objectives: Actively promote the construction of the 2 million mt "coal-coking-chemical-electricity" circular economy project of Guizhou Energy Shuicheng, and build new 2×660MW coal-fired power generation projects and a 2 million mt/year coal coking project within the coal-coking-chemical-electricity circular economy base, forming a complete circular economy industry chain that includes the graded and qualitative utilization of coal, the comprehensive utilization of waste heat and pressure, and coke oven gas. Key Tasks: 1. Actively promote the construction of the coking project. The 2 million mt "coal-coking-chemical-electricity" circular economy project of Guizhou Energy Shuicheng, as a major and key project in Guizhou Province, is expected to produce over 3 billion m³ of hydrogen annually after it goes into operation. 2. Scientifically plan and construct hydrogen refueling corridors. Based on the emission volume of waste hydrogen from coking plants in Shuicheng District, plan the construction of hydrogen plants to address the current challenges in hydrogen production, storage, transportation, and R&D applications. Explore the comprehensive application of gaseous, liquid, and solid storage and transportation technologies. In combination with the operation routes and areas of fuel cell buses, coal transport vehicles, and dump trucks, scientifically and orderly plan and layout hydrogen refueling stations, reserve land for the construction of hydrogen refueling stations, and encourage enterprises to retrofit and expand hydrogen refueling facilities within existing gas stations, gas filling stations, and charging stations. Phase II (by 2028): Strengthen the Industry Chain and Expand the Scale Work Objectives: 1. Actively cooperate with the municipal government to apply for the third batch of national demonstration city clusters for fuel cell vehicles, and strive for corresponding national support policies. 2. Actively strive for corresponding national support policies and introduce over one enterprise engaged in hydrogen energy equipment and related industries (including the manufacturing and assembly of fuel cell vehicles). 3. Rely on leading enterprises to integrate industry innovation resources, establish hydrogen energy industry R&D platforms such as industrial innovation centers, engineering research centers, and manufacturing innovation centers, create over one closed-loop transportation scenario for hydrogen-powered heavy-duty trucks, complete and put into operation over one fixed hydrogen refueling station, and put over 20 hydrogen-powered heavy-duty trucks into application. Key Tasks: 1. Promote the demonstration and application of fuel cell vehicles. Take the lead in demonstrating and promoting the procurement of fuel cell vehicles in areas such as the addition and replacement of buses, coal transport, sanitation and garbage collection, and muck transport vehicles within Shuicheng District. Increase the proportion of fuel cell bus routes to achieve demonstration applications of fuel cells in various fields. 2. Plan, introduce, and cultivate key projects. Conduct an in-depth analysis of the hydrogen energy industry chain, focusing on "complementing, strengthening, and establishing the chain". Develop a series of key industrial projects in the hydrogen energy sector and establish a dynamic project library for hydrogen energy industry investment attraction. Improve the assessment mechanism for tracking and introducing investment attraction projects, allocate hydrogen energy industry investment attraction targets to various functional departments, and conduct hierarchical assessments based on tracking, negotiation, signing, and implementation. 3. Rely on the existing industrial foundation to strengthen investment attraction by leveraging the application end to support the manufacturing end. Develop supporting hydrogen energy industries and establish a comprehensive ecological chain system for the development of the hydrogen energy industry. Strengthen connections with enterprises represented by Risesun Power, Guohong Hydrogen Energy, Houpu Clean Energy, Feichi Auto, etc., in the fields of hydrogen fuel cells and power systems, hydrogen storage and transportation, hydrogen refueling equipment, and automobile manufacturing, and strive to establish production sites in Shuicheng District. 4. Utilize coal tar to produce graphite materials, extend the manufacturing of bipolar plates for hydrogen fuel cells, and introduce production and manufacturing enterprises for hydrogen fuel cells, power systems, and energy storage systems. Develop supporting industries for new energy batteries and materials. Leverage the advantages of basic materials such as aluminum and basalt fiber in Shuicheng District to provide supporting resources for the development of the hydrogen energy industry and achieve full-chain development of the hydrogen fuel cell vehicle industry. Phase III (until 2035): Achieve industrialized and large-scale development Work Objectives: By 2035, based on the existing industrial foundation of Shuicheng District and centered around the transportation demand market of coal mines, power plants, coking plants, etc., carry out demonstration and operation of hydrogen fuel cell heavy-duty trucks. Gradually reduce costs, expand the scale, actively introduce hydrogen fuel cell and complete vehicle manufacturing industries, improve supporting facilities, create more than three closed-loop transportation scenarios for hydrogen energy heavy-duty trucks, and complete and put into operation more than two fixed hydrogen refueling stations, with more than 50 hydrogen energy heavy-duty trucks put into application. Key Tasks: 1. Actively promote technological innovation and breakthroughs. Support and promote the large-scale development of hydrogen production from coke oven gas, the commercial application of liquid hydrogen storage technology at normal temperature and pressure, and the localized production of hydrogen production, storage, and purification equipment. Explore and cultivate a new integrated application model of "wind and solar power generation + hydrogen energy storage", and gradually form an energy storage system that integrates hydrogen energy storage with other energy storage methods. Support the use of hydrogen as a raw material to produce industrial raw materials such as synthetic ammonia and methanol, and develop downstream terminal chemical products, guiding the industry towards low-carbon and decarbonization processes. Support the development of multiple hydrogen sources, including hydrogen production from methanol, hydrogen production from natural gas, and secondary utilization of renewable resources, to form core competitiveness in the fields of hydrogen production, storage, and transportation. Second, actively build high-quality public service platforms. Encourage qualified enterprises to carry out R&D on efficient and low-cost hydrogen production technologies, accelerate research on key technologies for safe hydrogen storage devices (equipment), conduct research on key technologies and system integration for hydrogen fuel cell stacks, key materials, and core parts, carry out demonstration research on multi-scenario applications of hydrogen fuel cells, collaborate with leading domestic scientific research institutions, and rely on leading enterprises such as Guizhou Energy to establish industry-university-research platforms to enhance the core competitiveness of the industry. Third, encourage "specialized, sophisticated, unique, and new" small and medium-sized enterprises to participate in the R&D of key common technologies in the hydrogen energy industry. Actively cultivate a group of single-product champion enterprises with strong independent innovation capabilities, promote collaborative innovation and integrated development among large, medium, and small enterprises, establish scientific research platforms such as hydrogen production process research centers, new material research centers for fuel cells, fuel cell R&D centers, and fuel cell vehicle research centers, jointly carry out cutting-edge technology R&D and industrialization demonstration development in the hydrogen energy and fuel cell fields, actively participate in the research and formulation of standards in the hydrogen energy industry, and promote the advantageous technology products of Shuicheng District to become industry, group, and even national standards.

Recently, the People's Government Office of Mengzhou City issued the Notice on Several Policies to Support the Development of Hydrogen Energy Industry in Mengzhou City, which will be valid for five years. The Notice states that it will support project recruitment. Focusing on areas such as hydrogen production equipment, storage equipment, transportation equipment, refueling equipment, core parts and equipment for fuel cells, key materials, and hydrogen energy services, it will strengthen project recruitment efforts. For manufacturing projects with equipment investments of 50 million yuan or more, subsidies will be provided at 2% of the equipment investment amount, with a maximum subsidy of 5 million yuan per project. For hydrogen energy production service projects in areas such as inspection and testing, vehicle operation, and safety maintenance, if the investment amount for new projects reaches over 10 million yuan, and the projects have been completed, accepted, and put into use, and have passed the review, subsidies will be provided at 2% of the actual project investment amount (excluding land costs), with a maximum subsidy of 1 million yuan per project. It will support key enterprises in the hydrogen energy sector to strengthen technological innovation, product innovation, quality innovation, brand innovation, and business model innovation. For hydrogen energy industry projects with investments exceeding 500 million yuan, R&D subsidies of up to 50 million yuan will be provided in the form of inclusive policies to encourage the development of the hydrogen energy industry. It will support the demonstration and application of hydrogen fuel cell vehicles. It will support the construction of a hydrogen energy and fuel cell demonstration park in the high-tech zone, and actively coordinate matters related to land use, construction approval, and standardized management for hydrogen energy industry projects and hydrogen refueling stations. It will vigorously promote the application and popularization of hydrogen-powered vehicles in areas such as urban public transportation, commuter buses, sightseeing vehicles, urban sanitation vehicles, and municipal dumper trucks. For those who update to hydrogen fuel cell vehicles and continue to operate them, subsidies will be provided at a certain proportion in accordance with relevant national, provincial, and municipal policies. It will support the construction of hydrogen refueling stations. It will encourage the renovation and expansion of existing gas stations, gas filling stations, and charging stations to include hydrogen refueling facilities. It will optimize the approval process for hydrogen refueling station construction and support the reservation of space for hydrogen refueling facilities in newly built gas stations, gas filling stations, and charging stations. It will support the participation of state-owned capital or social capital in the construction of hydrogen refueling stations, and provide subsidies at a certain proportion for newly built, renovated, and expanded hydrogen refueling stations that meet the requirements, in accordance with relevant regulations.