Shanghai is gearing to develop a large scale hydrogen-powered vehicles industry, informing plans for a major “hydrogen energy Port “Capable of churning out 50 billion yuan worth ($7.2 billion) of fuel cells and components by 2025.
According to the report published in Xinhua News, The Shanghai city will develop the “hydrogen energy port” in the automobile industry zone of Jiading, with Tongji University and several other autos industry bodies having signed deals to support research and development into hydrogen cars there,
Hydrogen “is viewed as one of the world’s most favourable clean vitality sources,” and China “has made it obvious it will create hydrogen fuel vehicles,” planning to fabricate 2 million hydrogen fuel vehicles by 2030, the state-run Xinhua News Agency said in a report declaring the plans this week.
The general manager of Shanghai-based consultancy LMC Automotive said in his statement, “The technology is still some way from any feasible model for mass commercial production, perhaps by 10 years, while it has great potential, it will need a revolutionary breakthrough to make it a success,”
Many regional governments have tried to reveal hydrogen vehicle-related ventures in recent months from Beijing that it will support the industry’s improvement. Datong city in North China’s Shanxi territory declared designs to set up three hydrogen fuel cell production plants with Beijing Shouhang IHW Resources Saving Technology Co. in May, following on the impact points of comparable arrangements in the urban communities of Jiaxing, Zhejiang area, and Changshu, Jiangsu region.
Hydrogen-powered vehicles are regarded as a promising future technology because of their batteries convert hydrogen into energy, emitting only water vapour, in contrast to pollution-emitting traditional combustion vehicles. Their batteries also produce more energy for their weight compared to the lithium-ion batteries that currently drive the electric vehicle industry, making them particularly promising for long distance vehicles such as buses and trucks.
Wan Gang, a senior government advisor and a former executive at Audi, said “China has also been slow to develop the technology despite having an abundant supply of hydrogen, so far the country has only built around 1,500 hydrogen vehicles, compared to more than 2 million electric vehicles”
Yet progress is being made with improving the necessary support infrastructure, with a hydrogen fueling station capable of replenishing 600 vehicles a day completed in Shanghai earlier this month. so far higher production costs have hindered the development of hydrogen vehicles, in part because of the cost of platinum, a key component, as well as a lack of support infrastructure for vehicles, and the complexity of storing hydrogen, which is highly volatile.