Group 1 - China has surpassed Japan in hydrogen-related patent competitiveness, ranking first in four out of five fields, excluding "utilization" [1] - The number of hydrogen-related patent applications in China has doubled compared to Japan since the announcement of carbon peak targets in September 2020 [1] - In the manufacturing sector, Chinese companies have significantly reduced equipment costs, with costs for green hydrogen production facilities being only one-fourth of those in Europe as of 2023 [2] Group 2 - Chinese companies hold a 60% share of the global manufacturing capacity for electrolyzers, with increasing orders from overseas brands [2] - The Chinese government has set a target to increase green hydrogen production to 100,000 to 200,000 tons annually by 2025, with progress already exceeding expectations [2] - The number of electrolyzer manufacturers in China is projected to reach 100 to 200 by 2024, compared to only a few in Japan [3] Group 3 - China's hydrogen demand reached 28 million tons in 2023, accounting for 30% of the global market [3] - The country is focusing on connecting renewable energy-rich inland areas with industrial coastal regions to create a self-sufficient hydrogen production and sales mechanism [3] - In Europe, rising interest rates and material costs are negatively impacting the hydrogen market, leading to reduced production targets from major companies [4] Group 4 - Japan's hydrogen strategy has faced challenges, with limited participation from companies compared to China's competitive landscape [3] - The Japanese government plans to subsidize the high costs of hydrogen production but has seen limited project participation [4] - Japan risks missing growth opportunities if it fails to capitalize on the expanding demand for hydrogen [4]

Core Viewpoint - China has surpassed Japan in hydrogen-related patent competitiveness, ranking first in four out of five key areas: manufacturing, storage, transportation and supply, and safety management, while Japan remains ahead in utilization [1][3]. Group 1: Patent Statistics and Competitiveness - A total of approximately 180,000 patents were filed globally from 2013 to 2022, with China leading in four areas of hydrogen technology [3]. - The number of hydrogen-related patent applications from China has doubled compared to Japan since the announcement of carbon peak targets in September 2020 [3]. - In the manufacturing sector, Chinese companies have significantly improved their technological capabilities, particularly in electrolyzers for hydrogen production [1][3]. Group 2: Manufacturing and Market Share - Chinese companies account for 60% of the global electrolyzer manufacturing capacity, with increasing orders from overseas brands [4]. - Chinese firms prioritize market share and growth over immediate profitability, planning to expand production capacity and establish local factories in Europe and the Middle East [4]. - China has captured over half of the global market share in photovoltaic panels and wind turbines, leveraging its renewable energy advantages in the hydrogen sector [4]. Group 3: Government Policies and Industry Growth - The Chinese government announced a hydrogen industry development plan in 2022, aiming to increase green hydrogen production to 100,000 to 200,000 tons annually by 2025, with progress already exceeding targets [4]. - The number of electrolyzer manufacturers in China is expected to grow from 100 to 200 by 2024, compared to only a few major players in Japan [4]. Group 4: Demand and Market Dynamics - China's hydrogen demand reached 28 million tons in 2023, accounting for 30% of the global market, driven by industrial applications in sectors like chemicals and steel [5]. - The country is developing a mechanism to connect renewable energy-rich inland areas with industrial coastal regions for hydrogen production and consumption [5]. - In contrast, the hydrogen market in Europe faces challenges due to rising interest rates and material costs, leading to downward adjustments in production targets by major companies [5].