China's subsidies to fast-track development of fuel cell vehicles

Toyota expects windfall from program, which does not exclude foreign automakers

20200921 fuel cell bus (CREDIT)

Chinese government subsidies for fuel cell vehicles will target mostly buses and other commercial vehicles. (photo from local TV news report)

SHUNSUKE TABETA, Nikkei staff writer

BEIJING -- The Chinese government said Monday it will roll out subsidies to companies developing core fuel cell technology in a bid to boost the country's competitive advantage in producing the hydrogen-propelled autos.

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