Gaoming District’s hydrogen energy industry projected to reach CNY 30 billion valuation in 2030

Gaoming District’s hydrogen energy industry projected to reach CNY 30 billion valuation in 2030

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Authorities in Gaoming District of Foshan, Guangdong, have released the Development Plan for the Hydrogen Energy Industry in Gaoming District (2019-2030), which states that the urban district will focus on building a "new airport and new energy" with a target to establish a "China Hydrogen City" featuring hydrogen rail transportation, an airspace hydrogen economy and hydrogen related tourism by 2030.

The first phase of the newly released development plan sets a target for production of 5,000 hydrogen fuel cell commercial vehicles per year, with an estimated output value of CNY 2.167 billion after reaching full production levels. (Foshan news)