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At the second International Fuel Cell Vehicle Conference, Fu Yuwu, Chairman of the Chinese Society of Automotive Engineers, stated that by 2030, the output value of hydrogen powered vehicles in China is expected to exceed the trillion yuan mark. A more proactive policy is that according to the new energy subsidy policy, pure electric subsidies will gradually decline, but subsidies for fuel cell vehicles will remain unchanged until 2020, with large and medium-sized passenger and freight vehicles reaching 500000 yuan per unit.

At present, multiple domestic listed companies are involved in the fields of hydrogen vehicles and hydrogen fuel power cells. Minsheng Securities believes that with the acceleration of commercialization, hydrogen energy battery vehicles are expected to usher in a new era.

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