Core Viewpoint - The hydrogen energy logistics sector in China is entering a golden era, with hydrogen fuel cell heavy trucks poised to reshape long-distance logistics across the country, supported by a growing hydrogen corridor network and improved infrastructure [2][3]. Group 1: Hydrogen Energy Logistics Development - The emergence of a national hydrogen energy logistics network, covering key urban clusters and major highway corridors, signifies a shift from urban operations to long-distance transportation, indicating the maturity of fuel cell products [2][3]. - In 2024, the market for hydrogen fuel cell heavy trucks is expected to see explosive growth, with 3,372 units registered last year, representing a significant portion of the fuel cell vehicle market [3]. Group 2: Challenges Facing Hydrogen Fuel Cell Heavy Trucks - Hydrogen fuel cell heavy trucks face three main challenges: reliability, lifespan, and cost of fuel cell stacks [3][5]. - Reliability: The operational conditions for heavy trucks demand higher stability from fuel cells, with challenges including extreme temperature ranges (-30℃ to 50℃), high humidity, and rough terrains [3]. - Lifespan: Commercialization requires fuel cell stacks to last at least 1 million kilometers, with aging accelerated by dynamic cycling [3]. - Cost: Fuel cell stack costs account for 40%-60% of the total fuel cell cost, influenced by material and manufacturing expenses, which are expected to rise as subsidies decrease [3][5]. Group 3: Technological Innovations and Future Prospects - The development of the new generation "MH290" fuel cell stack by Jichong Hydrogen Energy aims to address the challenges of reliability, lifespan, and cost, positioning it as a key player in the hydrogen logistics sector [5]. - The "MH290" is set to be launched on July 23, 2025, and is designed to enhance the total cost of ownership (TCO) advantages for hydrogen fuel cell heavy trucks, responding to the industry's demands for performance and economic viability [5].