Is it possible to copy the lithium battery market? Hydrogen fuel receives intensive policy assistance to meet the accelerated development of the industrial chain.

SMM News: policy intensive landing, the hydrogen energy industry has entered a new stage of development. After yesterday's trading, the General Office of the State Council issued a new energy vehicle industry development plan (2021-2035) to improve the economy of hydrogen fuel storage and transportation. We will carry out the application of industrial by-product hydrogen and hydrogen production from renewable energy according to local conditions, and accelerate the industrialization of advanced and applicable hydrogen storage materials. We will carry out demonstration and application of various forms of storage and transportation technologies such as high-pressure gas, cryogenic gas, low-temperature liquid and solid, explore the construction of hydrogen fuel transportation pipelines, and gradually reduce the cost of hydrogen fuel storage and transportation. Promote the construction of hydrogenation infrastructure.

At the same time, the Roadmap for Energy efficient and New Energy vehicles released a week ago made it clear that the number of hydrogen fuel cell vehicles will reach about 100000 in 2025. In 2035, the number of hydrogen fuel cell vehicles will reach about 1 million. At the same time, it is proposed that the development of hydrogen fuel cell commercial vehicles should be taken as the breakthrough of the whole hydrogen fuel cell industry, and passenger cars and urban logistics vehicles should be cut into the field. It is expected that from 2030 to 2035, the large-scale popularization and application of hydrogen energy and fuel cell vehicles will be realized, the core key technologies of fuel cells will be fully mastered, and a complete industrial chain for the preparation and production of fuel cell materials, components and systems will be established. Industry insiders said that the hydrogen energy industry has entered a new stage of development.

Yu Xiao, an analyst at Minsheng Securities, said that China's fuel cell vehicles are still in the initial introduction stage, and the speed of industrial development depends on product maturity and cost reduction. Referring to the development path of pure electric vehicles with lithium-ion batteries, it began to be introduced in 2009, and production and sales broke out from 2013 to 2015. It is expected that the cost of fuel cell vehicles can be reduced through the large-scale production of the industry chain. As the number of hydrogen refueling stations in China is still small, it is expected that commercial vehicle fuel cell applications with relatively fixed driving paths will take the lead, and domestic fuel cell vehicle core parts companies will fully benefit.

As for the specific investment targets, Yu Xiao said that it is recommended to pay attention to Yihuatong, the leading enterprise of fuel cell stack and system, and to pay attention to snowman shares, Boss shares, Xiongtao shares, expensive research platinum industry, etc., high-quality companies in the fields of fuel cell systems, compressors and catalysts. Fuel cell commercial vehicles already have a good basis for commercialization. Weichai Power, Yutong bus, Zhongtong bus are recommended.