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How is the progress of the three links?

No.1 Construction of hydrogen refueling stations: As mentioned earlier, there are less than 10 hydrogen refueling stations in operation in China. The construction cost of each hydrogen refueling station is as high as ten million yuan, and even with a subsidy of four million yuan, the price is still outrageous, and few institutions are willing to actively build it.

No. 2 Automobile Manufacturers Manufacturing FCVs: SAIC MAXUS, Great Wall, and Aichi have all demonstrated hydrogen fuel prototypes or related technologies. However, due to the high manufacturing costs and the slow popularization of hydrogen refueling stations, even with millions of subsidies, no domestic car company has the ability to commercialize FCVs on a large scale.

No.3 Users Buying FCVs: Better than nothing, hydrogen refueling stations and FCVs, even if users want to buy, there is no chance.

In the commercial closed-loop of FCV, there is currently no link that can go through, and the only driving force is only one: subsidies.

3. If we really want to subsidize fuel cells, how can we end the pure electric route?

In the past 10 years, the cumulative subsidy amount for domestic new energy vehicles is expected to exceed 300 billion yuan. It is undeniable that the fraudulent subsidy behavior and the emergence of garbage electric vehicles have to some extent wasted this huge subsidy. But the positive effects of subsidies should also not be ignored:

1. We have added upstream and downstream industrial chains such as battery factories like Ningde Times, and even foreign car companies are starting to purchase Chinese batteries.

2. We have added top players like BYD and SAIC who are serious about building electric vehicles.

3. We have produced pure electric vehicles that are sufficient to compete with foreign brands.

(The hydrogen refueling station located in Anting, Shanghai is semi closed)

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