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Regarding fuel power cells, various countries around the world are still exploring their business models. The development level of various core technologies related to fuel power cell vehicles in China lags behind that of Europe, America, Japan, and South Korea. For hydrogen fuel cell companies, unclear business models will be a bottleneck in the promotion of hydrogen fuel cell vehicles.

Battery technology and cost PK: Fuel power cells have superior performance in some aspects, but there are many problems with basic material research

Comparing the performance parameters of fuel powered batteries and lithium-ion batteries, although fuel powered vehicles have higher endurance and faster energy replenishment time, the power density of hydrogen fuel powered batteries, for example, is only 300-350W/kg, while lithium-ion batteries can currently reach over 1500W/kg. In addition, the design of the lithium-ion battery car's battery swapping mode can also solve problems such as relatively slow charging, and its technological maturity and business model are closer to the usage habits of traditional fuel vehicles. Moreover, some problems in the application process of fuel cell vehicles limit their commercial application path.

Firstly, fuel power cell catalysts have high costs and scarce resources: fuel power cell stack catalysts require the use of precious metal platinum, but their reserves are small (platinum: cobalt=1:240) and prices are high (platinum: cobalt=300:1). Most of the global platinum is important for jewelry processing and resources are scarce; The recycling rate of platinum metal used in fuel power cells is relatively low; Although there have been some breakthroughs in the research of alternatives to platinum metals, they cannot be applied on a large scale.

Secondly, the cost of hydrogenation, hydrogen storage, and hydrogen transportation is high. China's hydrogenation and hydrogen storage technology has not yet fully broken through. There are solutions for small-scale storage and transportation, but large-scale transportation is not yet mature. Moreover, the investment in hydrogen refueling stations is huge, with a construction cost exceeding 10 million yuan per unit.

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