Shanghai (ZXZC)- Shanghai has hammered out a mid-to-long-term (2022-2035) planning for the development of the hydrogen industry to help China achieve its carbon peak and carbon neutrality targets.

By the end of 2025, the city of Shanghai plans to fulfill the construction of 70 hydrogen refueling stations and deploy over 10,000 fuel cell vehicles (FCVs), expecting to form an output scale of the hydrogen industrial chain of over 100 billion yuan ($14.983 billion) per year and reduce 50,000-100,000 tonnes of carbon emissions annually in the transportation field, according to a document issued by the Shanghai Municipal Development & Reform Commission on June 17.

SAIC MAXUS EUNIQ 7; photo credit: SAIC MAXUS

Under the planning, the aforementioned hydrogen refueling stations will be mainly constructed in such districts as Jinshan, Baoshan, Lin-gang, Jiading, and Qingpu, and also along such expressways as the S32 Shenjia Lake Expressway, the G50 Huyu Expressway, the G60 Hukun Expressway, and the G15 Shenhai Expressway.   

Besides, Shanghai plans to foster 5 to 10 unicorn companies with global influences and build 3 to 5 world-class innovation R&D platforms for the local hydrogen industry by 2025.

As of 2035, Shanghai expects its hydrogen industry to develop into a world-leading level generally, and wishes to build R&D innovation centers and key equipment and auto parts manufacturing testing centers that can take the lead in China's hydrogen industry development. In addition, the city will strive to form an ecosystem that allows hydrogen to be applied in various fields such as traffic, energy, and industry.