Hyundai delivered 500 FCEVs in Guangzhou, China

[Caribbeans]

China Hydrogen Substack | Jian Wu | Jan 4, 2024

(Guangzhou, China) On Dec 23th, 2023, H2 Solution, a joint venture by Hyundai HTWO Guangzhou and two local state-owned companies, announced it delivered 500 FCEVs to commercial operators in Guangzhou, which is a record high in China’s FCEVs deployment.

This 500 FCEVs include logistic vehicles, freezer trucks, road sweeper and buses, it represents a fraction of 1,500 fuel cell system supply order by 2024 according to a MOU between government of Guangdong Province and Hyundai HTWO Guangzhou...

...Hyundai Motor Group is expanding its hydrogen business in China in anticipation of a rapid market growth driven by the government. China’s national hydrogen strategy- “Hydrogen Energy Development Medium and Long-term Plan (2021-2035)” announced in 2022 aims to increase the number of hydrogen electric vehicles to 50,000 and annual green hydrogen production to 100,000-200,000 tons by 2025. However, local governments are far more aggressive than central government. We noticed that Guangzhou government has just issued a municipal hydrogen plan in Dec 22th, 2023, states that Guangzhou will have a FCEVs fleet of 2,500 and 10,000 vehicles by year 2025 and 2030. We believe Hyundai will get the largest piece of cake...more
https://chinahydrogen.substack.com/p/hyundai-delivered-500-fcevs-in-guangzhou

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[Caribbeans]

1. Hydrogen-Electric Semi-Trucks Are Replacing Diesel Sooner Than Expected.

The momentum grows - daily.

No one can stop H2 now.

[NickB79]

2. The "This is not an investment advisory" warning in that video is a nice touch

Really adds to the credibility 🤣