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Ceres Power Holdings

China’s using its EV blueprint to promote hydrogen cars

A decade ago, there were almost no electric cars on Chinese roads. Today, the country sells more battery-powered electric cars, upwards of 1 million in 2018 alone than the rest of the world combined. The Chinese government now wants to do the same for hydrogen-powered cars.

In 2009, China launched a program known as “Ten Cities, Thousand Vehicles” to promote electric vehicles (EVs), with battery electric vehicles (BEVs) and plug-in hybrids (PHEVs) now both widely in use in the public transport and private-car sectors. This year, China’s considering rolling out a similar plan to develop hydrogen-powered cars, or fuel-cell vehicles (FCVs).

 

Ceres Power Holdings plc (LON:CWR) is a fuel cell technology and engineering company whose aim is to bring cleaner and cheaper energy to businesses, homes and vehicles. They are working with world-leading partners to embed their SteelCell®technology in mass-market energy products for the commercial, residential and transportation markets.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.