Guangdong plans to subsidize the construction of hydrogenation facilities. These hydrogen energy enterprises have a layout in Guangdong.

SMM: the Guangdong Provincial Development and Reform Commission yesterday issued the implementation Plan for speeding up the Development of hydrogen fuel Cell vehicle Industry in Guangdong Province, proposing to build about 300 hydrogen filling stations in the core area of the Pearl River Delta and coastal economic belt in accordance with the principle of moderate advance. The program also encourages urban areas to subsidize hydrogenation infrastructure construction according to the actual situation, with financial subsidies at all levels totaling no more than 5 million yuan per station.

According to the previously released "Energy Saving and New Energy vehicle Industry Technology Roadmap", China plans to have 1 million fuel cell vehicles and more than 1000 hydrogenation stations by 2030. Minsheng Securities Yu Xiao pointed out that fuel cell vehicles are expected to replicate the development path of pure electric vehicles, and will continue to reduce comprehensive costs through the large-scale production of the industrial chain, thus driving the rapid growth of domestic suppliers in the industrial chain.

According to incomplete carding, the related targets of the industrial chain currently laid out in Guangdong are Xiongtao shares and Meijin Energy, while other targets include Yihuatong, snowman shares and so on.

Xiongtao Co., Ltd.: located in Guangdong, one of the world's largest battery manufacturers, has been in hydrogen production, membrane electrodes, stack, engine systems, vehicle operation and other key areas.

Meijin Energy: the hydrogen energy industrial park extends from Guangdong to Jinzhong, Qingdao, Jiaxing and other cities, with the policy support of the local government. The upstream relies on low-cost hydrogen production from coke oven gas, while in the middle reaches, core technology companies such as Hongji Chuangeng and Guohong hydrogen Energy accelerate the research and development of core components, and the production and sales of Flying cars in the lower reaches grow rapidly.

Yihuatong: a leader in fuel cell engine systems, with a market share of 30%. Downstream customers include Shenlong bus, BAIC Foton, Yutong bus, Zhongtong bus, Geely commercial vehicle and so on.

Snowman shares: compressor leader, hydrogen energy product chain is divided into four business sectors, including liquid hydrogen equipment, fuel cell integrated systems, fuel cell core components (air supply system and hydrogen circulation system), hydrogen station equipment and so on. Customers cover Yutong bus, Dongfeng Motor, FAW Jiefang and so on. The project of 17 hydrogen filling stations is expected to be put into production in 2021.

Guiyan platinum industry: the only listed company of fuel cell catalyst. It is currently in the laboratory stage to sign a cooperation agreement with SAIC to develop platinum-based catalytic electrode materials for hydrogen fuel cells.

Boss shares: compressor quality enterprises, signed strategic cooperation agreements with Xiongtao shares and Huayan Energy to jointly create hydrogen fuel cell vehicles for air compressors, hydrogen pumps and other products.

Weichai Power: basically form the layout of the whole industry chain of fuel cell key materials, single cell, stack, engine, powertrain and whole vehicle. In March this year, 20,000 hydrogen fuel cell engine plants were officially put into production. As of the first half of 2020, the company has promoted 220 hydrogen fuel cell buses in Jinan, Weifang and Liaocheng.

Yutong bus: one of the earliest enterprises to develop fuel cell bus. The revenue of fuel cell new energy vehicles reached 14.417 billion yuan in 2019, an increase of 15.89 percent over the same period last year.

Zhongtong bus: has independently mastered the fuel cell engine integration technology, formed a 7-12m full series of fuel cell bus platform, and achieved stable batch shipment.