1.Transportation Drives Fuel Cell Development 
1.1 Increased Application of Fuel Cells in Transportation 
1.2 Long Cell Lifetime and Zero Emissions the Biggest Advantages of FCEVs 
2.China’s Fuel Cell and FCEV Development Policies 
2.1 Increased Policy Support to Accelerate Industry Development 
2.2 Local Governments Roll out Hydrogen Energy Policies in Full Swing 
3.Development of China’s Fuel Cell and FCEV Industries
3.1 PEMFC Fit for Automotive Use and to Become Mainstream Technology 
3.2 Fuel Cell Stack at the Core of FCEV Technology and Cost 
3.3 MEA Plays a Key Role in PEMFC Performance; Bipolar Plates Provide Gas Flow Channels 
3.4 BOP the Key to Fuel Cell Stack Reliability; CEM the Core of BOP 
3.5 Chinese Vendors Jump into the Hydrogen Refueling Station Industry Chain to Create Business Opportunities 
3.6 China Needs to Work Harder on Domestic Production of Key Components for Fuel Cells 
3.6.1 China Lags Far behind in Technology and Mass Production Capability for Fuel Cell Stacks and Key Components 
4.Outlook for China’s Hydrogen Fuel Cell and FCEV Markets 
4.1 FCEV Production and Sales Volume Remains Small but Projected to Grow Strongly in 2021 
4.2 China to Focus on Commercial FCEVs 
4.3 Increased Importance of Heavy-duty Trucks in China’s Commercial FCEV Development 
4.4 Forklifts another Trend in China’s Commercial FCEV Development 
5. MIC Perspective 
Appendix 
List of Companies 
 

Development of fuel cell, touching on the advantage of fuel cell EV (Electric Vehicles) and differences with battery EV

Development of fuel cell and fuel cell EVs, touching on central and local government policy in China

Development of the full cell and fuel cell EV industries in China, touching on fuel cell types and major international and Chinese suppliers

Development of the full cell and fuel cell EV markets in China, touching on their production volume, and includes production and development of heavy-duty trucks and forklifts in China

Figure 1 Application of Fuel Cells in the Downstream Segment 
Figure 2. China’s National Development Policies for Fuel Cells and FCEVs before 2019 
Figure 3 FCEV Cost Structure 
Figure 4 Distribution of FCEV Cost 
Figure 5 Composition and Operation of Fuel Cells 
Figure 6 Major Players in China’s Hydrogen Refueling Station Industry Chain 
Figure 7 China’s FCEV Production Volume and Development of Fuel Cell Power
Figure 8 Worldwide Heavy-duty Truck Production Volume and Major Chinese Manufacturers by Sales Volume 
Figure 9 Exports and Domestic Sales of Forklifts in China by Engine Type 
Figure 10 Domestic Production by Sector in China’s Hydrogen Fuel Cell Industry Chain 

Table 1 BEVs v.s. FCEVs 
Table 2 China’s FCEV Roadmap in Energy-saving and New Energy Vehicle Technical Roadmap 2.0 
Table 3 China’s Fuel Cell and FCEV Development Policies after 2020 
Table 4 Local Governments’ Subsidy Policies for Hydrogen Refueling Stations 
Table 5 City Clusters Applying to Become Hydrogen Energy Demonstration City in China 
Table 6 Types of Fuel Cells 
Table 7 Comparison of Different Types of Bipolar Plate and Major Chinese Suppliers 18
Table 8 Gap between Chinese and International Manufacturers in Fuel Cell Technology and Mass Production Capability 
Table 9 Gap between Chinese and International Manufacturers in Fuel Cell Technology and Mass Production Capability 
Table 10 Technology Gap between Major Chinese and International Fuel Cell Stack and Key Component Manufacturers