Global automakers boost collaboration as China dominates hydrogen vehicle market

Global automakers boost collaboration as China dominates hydrogen vehicle market.

S. Korea, U.S., Japan, Europe rush to respond to China's rise in H2 tech

The Chosun Daily | Kwon You-jeong, Lee Jung-soo | 2024.09.30.

As Chinese companies aggressively expand into hydrogen vehicle technology, automakers from South Korea, the United States, Japan, and Europe are responding with increased collaboration to maintain competitiveness in future mobility.

While electric vehicles have gained significant momentum, hydrogen vehicles and advanced technologies are emerging as the next frontier of the related industry. However, due to their current lack of economic viability, automakers are joining forces to reduce costs and risks in this mid-to long-term investment.

During a recent meeting in Munich, Dr. Jürgen Guldner, head of BMW Group’s hydrogen technology division, highlighted the rapid growth of Chinese companies in the hydrogen fuel cell vehicle market. He explained that BMW’s recent 10-year partnership with Toyota to co-develop hydrogen vehicles reflects the broader trend of automakers forming similar collaborations in response to competitive pressures in the industry.

“At this stage, a few companies such as BMW, Toyota, and Hyundai are leading the early hydrogen vehicle market,” Guldner noted. “However, the increasing number of Chinese companies developing hydrogen vehicle technology, alongside the rapid expansion of hydrogen refueling infrastructure in China, deserves attention.”

Hydrogen vehicles, seen as the successor to electric cars, use fuel cells to generate electricity by reacting hydrogen with oxygen..more
https://www.chosun.com/english/industry-en/2024/09/30/UFLQHMDVP5DZBG3646CPFATYXU/

5 years ago:
China's Father of Electric Cars Wan Gang Says Hydrogen Is the Future



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China Hydrogen Bulletin - News ignored by most American media
https://chinahydrogen.substack.com/