Investor Presentaiton
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China FCEV demonstration city cluster policy1
China initiating a four-year program to support local governments in researching hydrogen
technology & developing a local, hydrogen value chain
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Strong emphasis on industrialization & localization of fuel cell core components,
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consistent with Made In China 2025 mandate
Foreign companies allowed to participate under guidelines of
National Encouraged Industries whitelist
5 clusters announced to date:
Beijing, Shanghai, Guangdong (on Aug 31, 2021)
& Henan & Hebei (on Jan 10, 2022)
~8.5 billion RMB total funding across 5 clusters, over 4 years
>33,000 FCEVS & ~550 HRS estimated by 2025
Ballard / Weichai JV located in Weifang City, Shandong,
included in Henan city cluster
Zhangjiakou
Beijing
Zhengzhou
Demonstration City Clusters
Beijing
Shanghai Guangdong
Hebei Henan³
# Cities / Districts²
12
7
12
14
17
Foshan
FCEV Estimate4
~5k
~5k
~10k
~8k
~5k
HRS Estimate4
~75
~100
~200
~100
~80
*Full city list included in footnotes
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1, 2, 3, 4 See Slide Notes
Weifang
(Weichai/BLDP JV)
Shanghai
MEA new facility)
BALLARD™View entire presentation