Home » Market News » DirectorsTalk Highlights » Senior China Official Urges Shift Toward Fuel-Cell Vehicles
Ceres Power Holdings

Senior China Official Urges Shift Toward Fuel-Cell Vehicles

After spending billions of dollars in subsidies for lithium-battery electric cars, China should now shift its focus toward developing vehicles using the competing hydrogen fuel-cell technology, a former top official said.

Benefits of fuel-cell vehicles includes long driving range, short refueling time and also zero emissions, Wan Gang, a deputy chairman of the Chinese People’s Political Consultative Conference, an advisory body to the parliament, wrote in a commentary published on the state-run People’s Daily on Saturday. His advocacy now of fuel-cell vehicles represents a potential boon for proponents of such cars — including Japan’s Toyota Motor Corp. and Honda Motor Co. as well as slew of aspiring local makers such as SAIC Motor Corp. and Great Wall Motor Co.


Ceres Power (LON:CWR) is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres Power unique patented SteelCell® technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use. Ceres Power offers its partners the opportunity to develop power systems and products using its unique technology and know-how, combined with the opportunity to supply the SteelCell® in volume through manufacturing partners.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

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