Shanghai (ZXZC)- Beijing will strive to put over 10,000 hydrogen fuel cell vehicles (called “FCVs” for short) on roads by 2025 and expects the cumulative output value of the full FCV industrial chain to exceed 24 billion yuan ($3,502,984,800) then, according to the Planning for the Development of the FCV Industry (2020-2025) issued by the Beijing Municipal Bureau of Economy and Information Technology on September 8.

(Photo source: Foton Motor)

According to the first-phase goal shown in the Planning, Beijing will endeavor to have 3,000 FCVs run on roads by 2023 and achieve an accumulated output value of 8.5 billion yuan ($1,240,640,450) for the full FCV industrial chain.

As of 2023, three to five leading FCV-related enterprises with global influence are set to be launched, and the number will be increased to five to ten by 2025, said the Planning.

While the Planning being released, a hydrogen energy demonstration zone located at Daxing District was launched and is expected for operations under international standards in the future. Such companies and institutes as Jiaqing New Energy, Mingtian Hydrogen Energy Technology, Tsinghua Industry Development Academe and Tsinghua Bozhan have decided to move into the Daxing-based demonstration area and a hydrogen industrial fund with an initial capital of 2 billion yuan ($291,915,400) poured has been established there.

(Fuel cell engine developed by SinoHytec, photo source: SinoHytec)

There were several projects agreed on site at the same time. For instance, the local government of Daxing District struck a deal with SinoHytec for the cooperation on building hydrogen fuel cell engines at the Daxing demonstration zone. BAIC Group issued the hydrogen fuel cell commercial vehicle strategy for Foton Motor.