ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Automobiles

Chinese cities race for subsidies in fuel cell gold rush

Authorities and automakers join hands to plan new industry hubs

A fuel cell bus unveiled by Chinese automaker Geely. (Photo courtesy of Geely)

TOKYO/BEIJING/NAGOYA, Japan -- China's push to promote hydrogen fuel cells as the next big thing in the auto industry has led to a slew of ambitious plans to develop the sector as local authorities vie for hundreds of millions of dollars in incentives.

State-owned SAIC Motor, based in Shanghai, recently announced its first medium-term strategy for fuel cells. The automaker aims to roll out at least 10 models and gain the capacity to produce 10,000 vehicles per year by 2025, and will shift to domestic sourcing as it looks to become globally competitive by 2030.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more