Industry dynamics

Shanghai to launch policies to shore up FCV industry development

Publishtime:1970-01-01 08:00:00 Views:25

Shanghai (ZXZC)- Shanghai plans to issue policies to support the development of fuel cell vehicle (FCV) industry, Qiu Wenjin, Deputy Director of Shanghai Municipal Development & Reform Commission, said on Sept. 9 at a press conference.

Shanghai to launch policies to shore up FCV industry development

Maxus EUNIQ 7; photo credit: SAIC Maxus

The plan was revealed about two weeks after the metropolis announced a city cluster led by Shanghai was approved to participate in a state-run demonstration program for FCVs. According to a post on the WeChat of the Shanghai Municipal Commission of Economy and Informatization (SMCEI), Shanghai will join hands with 6 cities (regions), including Suzhou, Nantong, Jiaxing, Zibo, Ningxia Hui Autonomous Region, and Ordos to make breakthroughs in FCV-related core components, roll out high-end FCV models, and hammer out relevant industrial standards. 

Under the four-year program, the Shanghai-led conurbation aims to add nearly 100 hydrogen-filling stations, reach an output worth 100 billion yuan ($15.49 billion) per year, and deploy nearly 10,000 FCVs.

Aside from Shanghai, both the Beijing-Tianjin-Hebei region and Guangdong province have also been permitted to join China's FCV pilot program. According to a local media outlet, the complete list of the city clusters included in the significant program is expected to be released before October 1.