Core Viewpoint - The release of the MH290 metal plate fuel cell marks a significant breakthrough for Jichong Hydrogen Energy, addressing the core bottlenecks that have hindered the large-scale commercial use of hydrogen-powered heavy trucks, thus meeting market demands for affordable, durable, and high-performance hydrogen vehicles [2][3]. Group 1 - Jichong Hydrogen Energy held a strategic launch event for the MH290 metal plate fuel cell on July 23, themed "Technology Empowerment · Value Innovation," showcasing advancements in performance, reliability, and cost [2]. - The MH290 fuel cell is positioned to respond effectively to the urgent market need for hydrogen-powered heavy trucks that are economically viable and reliable [3]. Group 2 - TrendBank is identified as a leading industry research and data company in China, focusing on providing data, research, consulting, and conference services to support decision-making and business development resources [7].

Core Viewpoint - The article highlights the significant advancements made by Jichong Hydrogen Energy in the development of the MH290 metal plate fuel cell, which addresses critical challenges in the hydrogen energy heavy truck industry, including performance, reliability, and cost efficiency [3][19]. Group 1: Industry Challenges - Hydrogen fuel cell heavy trucks face reliability issues under extreme conditions, with power stacks experiencing performance degradation [3]. - The average lifespan of current power stacks is less than 20,000 hours, leading to high maintenance costs for operators [3]. - Power stack costs account for 40%-60% of the total vehicle cost, posing a significant risk as subsidy policies decline [3]. Group 2: Jichong Hydrogen Energy's Innovations - Jichong Hydrogen Energy launched the MH290 fuel cell, which aims to be a game-changer in the industry, focusing on high performance, long lifespan, and cost reduction [5][19]. - The MH290 fuel cell has achieved a peak power of 410.9 kW and a rated power of 391 kW, setting new industry standards for heavy trucks [11]. - The product boasts a design lifespan of 30,000 hours, significantly improving reliability compared to existing solutions [12]. Group 3: Cost Reduction Strategies - Jichong Hydrogen Energy aims to achieve commercial viability by reducing the power stack price to below 800 RMB/kW by 2025 and below 242 RMB/kW by 2027 [15]. - The company focuses on three main cost reduction strategies: R&D cost reduction, material cost reduction, and manufacturing cost reduction [15]. - The goal is to transition from policy-driven to market-driven hydrogen energy heavy trucks, enhancing profitability and sustainability [15]. Group 4: Strategic Partnerships and Future Outlook - The launch of the MH290 fuel cell has garnered support from various stakeholders, including investment firms and supply chain partners, indicating strong industry confidence [17]. - Jichong Hydrogen Energy is committed to continuous innovation and scaling production to meet market demands, contributing to China's dual carbon strategy [19]. - The company aims to create a comprehensive ecosystem for green hydrogen production, storage, and application, enhancing its market position [17].