格隆汇1月29日丨一汽解放(000800.SZ)在投资者互动平台表示，公司气氢重卡已实现批量销售，在五大 城市群和富氢地区标杆级示范运营，同时，液氢重卡方面，公司刚刚完成国内首辆液氢重卡示范运营， 车辆续航里程突破1000公里，创造国内续航能力记录。氢气发动机方面，自主重型氢气发动机已搭载整 车示范运营超两万公里。未来公司将融合产业持续深耕氢能源车辆的研发、运营与制造。 ...

格隆汇1月29日丨一汽解放(000800.SZ)在投资者互动平台表示，公司气氢重卡已实现批量销售，在五大 城市群和富氢地区标杆级示范运营，同时，液氢重卡方面，公司刚刚完成国内首辆液氢重卡示范运营， 车辆续航里程突破1000公里，创造国内续航能力记录。氢气发动机方面，自主重型氢气发动机已搭载整 车示范运营超两万公里。未来公司将融合产业持续深耕氢能源车辆的研发、运营与制造。 ...

Core Viewpoint - In 2025, FAW Jiefang continued to lead the industry in brand building and marketing promotion, achieving significant sales growth and market share, while also making strides in technology and innovation [1][4][10]. Group 1: Sales and Market Performance - FAW Jiefang's total vehicle sales exceeded 280,000 units in 2025, marking a year-on-year increase of 10.3%, maintaining positive growth for three consecutive years [4]. - The sales of medium and heavy trucks reached 255,000 units, with a domestic market share of 22.5%, solidifying its position as the industry leader [4]. - In the new energy segment, sales reached 45,000 units, representing a remarkable year-on-year increase of 185%, continuing a trend of doubling sales for three consecutive years [4]. - The company exported over 60,000 units, achieving a year-on-year growth of 5.2%, and ranked second in the industry for exports, with the highest compound growth rate [4]. Group 2: Product Innovation and Technology - FAW Jiefang launched 129 new products in 2025, significantly improving quality metrics through a "three-year quality campaign" [6]. - The company introduced advanced products such as the J6G Pro series and the "Eagle Array" series, which cater to diverse logistics scenarios [8]. - The launch of the liquid hydrogen heavy truck in December 2025 marked a significant technological achievement, demonstrating a range of over 1,000 kilometers and contributing to the commercialization of liquid hydrogen technology [10]. Group 3: Strategic Partnerships and Orders - FAW Jiefang established long-term strategic partnerships, securing significant orders such as a 3,500-unit agreement for new energy heavy trucks with Xinjiang Jiuzhou Hengchang [11]. - In April, the company achieved a record order of 10,000 units for J6L pure electric vehicles, setting a new benchmark for single-category orders in the heavy truck sector [11]. - The company continued to attract attention with large orders throughout the year, including 1,858 units from logistics companies in September and 6,000 units during a live broadcast event in November [13]. Group 4: Brand Promotion and Market Expansion - FAW Jiefang kicked off its brand promotion at the Shenzhen International Commercial Vehicle Expo, enhancing its market penetration in Southern China [15]. - The company held multiple events throughout the year to deepen its ecological layout, including the launch of the "Jiefang Green Movement" brand, which signifies a new model integrating vehicles, aftermarket, and green ecology [15]. - The year concluded with the 2026 Global Partner Conference, where FAW Jiefang set its sales targets and showcased its strategic plans, further solidifying its industry leadership [17].

Core Viewpoint - The company has made significant advancements in hydrogen energy vehicles, achieving batch sales and demonstrating operational capabilities in major urban areas, despite previous investor concerns regarding R&D expenditures and losses [2]. Group 1: Company Developments - The company has successfully achieved batch sales of hydrogen heavy trucks in five major urban clusters and hydrogen-rich regions [2]. - The company has completed the demonstration operation of China's first liquid hydrogen heavy truck, with a range exceeding 1000 kilometers, setting a domestic record for endurance [2]. - The self-developed heavy-duty hydrogen engine has been demonstrated in operations exceeding 20,000 kilometers [2]. Group 2: Future Plans - The company plans to continue integrating research, operation, and manufacturing in the hydrogen energy vehicle sector [2].

Core Viewpoint - The successful demonstration operation of the liquid hydrogen heavy-duty truck marks a significant advancement in China's hydrogen energy technology, transitioning from laboratory testing to real-world commercial validation [1][3]. Group 1: Technical Achievements - The liquid hydrogen heavy-duty truck, developed by a collaboration between FAW Jiefang, the Aerospace Propulsion Technology Research Institute, and Dongfang Electric (Chengdu) Hydrogen Energy Technology Co., has completed over 8,000 kilometers of operational testing, achieving a range exceeding 1,000 kilometers [1][2]. - This vehicle's performance significantly surpasses the current mainstream hydrogen fuel trucks, which have a range of 400-500 kilometers, thus addressing the mileage anxiety that has hindered the large-scale adoption of electric heavy-duty trucks [1][3]. Group 2: Infrastructure Development - The demonstration operation is supported by the first nationwide liquid hydrogen refueling station, which implements a complete "production, storage, and refueling" closed-loop system, ensuring safe and efficient refueling at -253°C [2][3]. - The successful operation in the challenging terrain of Panzhihua provides a reliable test of the vehicle's performance and the compatibility of the heavy-duty truck chassis with advanced liquid hydrogen storage and supply systems [2][3]. Group 3: Collaborative Innovation - The project represents a deep collaboration across the industry chain, involving leading enterprises, research institutions, and local government, creating an efficient model for innovation that integrates technology development, equipment manufacturing, and application scenarios [3]. - The successful demonstration in Panzhihua establishes a comprehensive pathway from technology research and development to commercial validation, paving the way for the deep decarbonization of the transportation sector in China [3][4]. Group 4: Future Directions - The company plans to continue enhancing the full chain of liquid hydrogen applications and technology upgrades, while also expanding the demonstration effects to various sectors such as green hydrogen metallurgy and hydrogen vehicle manufacturing [4]. - The focus will be on building a mature hydrogen energy industry ecosystem guided by the "Blue Road" new energy technology brand, promoting industry transformation [4].

Core Viewpoint - The launch of China's first commercial hydrogen production project based on "photoelectrochemical water splitting" technology and the first civilian liquid hydrogen refueling station marks a significant breakthrough in the hydrogen energy industry chain in China [1][2]. Group 1: Hydrogen Production - The commercial hydrogen production project utilizes advanced "polyhedral strontium titanate concentrating quantum hydrogen-oxygen thermal integration technology" with 144 heliostats and 24 concentrating hydrogen production reactors [2]. - The project aims for a hydrogen production cost of 21 yuan per kilogram, with potential reductions to 16 yuan per kilogram as the project scales up and achieves a light-hydrogen conversion efficiency exceeding 20% [2]. Group 2: Hydrogen Storage and Transportation - Hydrogen storage and transportation account for 30% to 40% of total costs in the hydrogen supply chain, with pipeline transportation being a key focus for reducing unit distribution costs [2]. - The newly launched liquid hydrogen refueling station, with an investment of 83 million yuan, aims to facilitate the entire hydrogen supply chain and provide diverse application scenarios for low-temperature liquid hydrogen [3]. Group 3: Hydrogen Applications - The introduction of liquid hydrogen refueling stations enables the use of liquid hydrogen heavy-duty trucks, which can achieve a range exceeding 800 kilometers, nearly doubling the range of traditional gaseous hydrogen trucks [3]. - The National Energy Administration has announced support for 41 projects and 9 regions to promote the transition of the hydrogen industry from demonstration to large-scale application [3]. - Hydrogen applications in sectors like hydrogen metallurgy are gaining traction, with a focus on developing carbon "zero emissions" technologies in iron production [3][4]. Group 4: Market Potential - There is a strong demand for hydrogen energy in industries such as heavy-duty trucks, metallurgy, and chemicals in the Panzhihua region, which is still an untapped market [4]. - Panzhihua is accelerating the establishment of an application ecosystem combining "three-dimensional transportation + green hydrogen metallurgy + electric hydrogen" to provide a testing ground for hydrogen energy promotion [4].

Core Insights - The first commercial hydrogen production project based on "photoelectrochemical water splitting" technology and the first civilian liquid hydrogen refueling station have been launched in Panzhihua, Sichuan Province, marking a significant breakthrough in China's hydrogen energy industry chain [1][2] Hydrogen Production - The commercial hydrogen production project utilizes advanced "polyhedral strontium titanate concentrating quantum hydrogen-oxygen thermal integration technology" with 144 heliostat mirrors and 24 concentrating hydrogen production reactors [2] - The designed hydrogen production cost is 21 yuan per kilogram, with potential reductions to 16 yuan per kilogram as the project scales up and achieves a light-hydrogen conversion efficiency exceeding 20% [2] Hydrogen Storage and Transportation - Hydrogen storage and transportation account for 30% to 40% of the total cost in the hydrogen industry chain, with pipeline transportation being a key focus for reducing unit distribution costs [2] - New pure hydrogen pipelines and the blending of hydrogen into existing natural gas pipelines are considered primary methods for hydrogen transportation [2] Hydrogen Applications - The newly launched liquid hydrogen refueling station, with an investment of 83 million yuan, aims to facilitate the entire hydrogen production, storage, transportation, and application chain [3] - Liquid hydrogen offers advantages such as high energy density, low storage pressure, and high purity, making it suitable for large-scale and long-distance hydrogen energy storage and efficient utilization [3] - The National Energy Administration has announced support for 41 projects and 9 regions to promote the transition of the hydrogen industry from demonstration to large-scale application [3][4] Market Potential - There is a strong demand for hydrogen energy in sectors such as heavy trucks, metallurgy, and chemicals in Panzhihua and surrounding areas, which have not yet been fully tapped [4] - Panzhihua is accelerating the construction of a "three-dimensional transportation + green hydrogen metallurgy + electric-hydrogen multi-energy" application ecosystem to provide a testing ground for hydrogen energy promotion [4]

Core Insights - The liquid hydrogen refueling station in Panzhihua, Sichuan, marks the first full-chain demonstration project for liquid hydrogen in China, encompassing production, storage, transportation, refueling, and usage [1][2] - The project is a collaboration between Dongfang Electric Hydrogen Energy Co., Ltd. and the Sixth Academy of China Aerospace Science and Technology Corporation, with a refueling capacity of 0.5 tons per day [1] - The station aims to support the road testing of the first domestic liquid hydrogen heavy-duty truck equipped with a 100 kg liquid hydrogen system, named "Shidai 1000" [1] Company and Industry Developments - The liquid hydrogen refueling station is the first in Southwest China to integrate high-pressure hydrogen refueling with direct liquid hydrogen refueling, achieving a significant milestone in the commercial application of liquid hydrogen in civilian transportation [2] - The heavy-duty truck utilizing the liquid hydrogen system has surpassed key technological challenges in storage and achieved national production, with a range exceeding 800 kilometers and a hydrogen source coverage of over 1000 kilometers [2] - The combination of hydrogen heavy-duty trucks with high-speed toll exemptions is expected to facilitate the widespread adoption of liquid hydrogen trucks and reduce costs [2]

Core Viewpoint - The hydrogen energy industry is becoming a key sector for promoting energy structure transformation under the "dual carbon" goals, with Beijing actively building a complete hydrogen energy industry chain [1][2]. Industry Development - The forum discussed the development trends, key technological bottlenecks, material innovations, and commercialization applications in the hydrogen and fuel cell industries [2][4]. - China's hydrogen energy industry is transitioning from initial demonstration applications to a critical phase of large-scale and commercial promotion [2]. Company Initiatives - Beijing Foton Motor Co., Ltd. (北汽福田) emphasizes the importance of hydrogen energy in stabilizing energy supply and optimizing energy structure, particularly in the context of low-carbon transportation [2]. - The company achieved sales of over 480,000 units from January to September this year, a year-on-year increase of 10.9%, with its new energy business growing significantly by 113.4% to over 74,000 units [13]. - The company is pursuing a multi-technology approach, including pure electric, hydrogen fuel, and hybrid power, while focusing on independent control of core technologies and product upgrades [13]. Talent Development - The company is actively recruiting talent in key areas such as intelligent driving systems, fuel cell control, and electric drive to support the long-term development of the new energy industry [14]. - A talent demand matching event was held to strategically reserve talent for the future [14]. Technological Advancements - The forum highlighted breakthroughs in catalyst and membrane electrode technologies, low-cost and durable fuel cell systems, and the establishment of a standard system for fuel cell vehicles [4]. - Beijing Foton has made significant progress in hydrogen vehicle research and application, including the successful safety collision test of a 70MPa hydrogen fuel bus and the launch of the world's first 32-ton liquid hydrogen heavy truck [16]. Future Outlook - The company aims to continue deepening industry chain collaboration and innovation, contributing to the high-quality development of China's new energy vehicle industry and the realization of the "dual carbon" goals [17].

Core Viewpoint - Beijing Municipal State-owned Assets Supervision and Administration Commission emphasizes the strategic importance of the hydrogen energy industry and plans to prioritize it in the "14th Five-Year Plan" [1] Group 1: Strategic Focus - The hydrogen energy industry is identified as a key area for high-quality development, with a call for state-owned enterprises to enhance their efforts and measures [1] - The focus will be on the entire hydrogen industry chain, including production, storage, transportation, and refueling [1] Group 2: Project Development - Key projects such as liquid hydrogen heavy trucks, biogas hydrogen production, and integrated hydrogen production and refueling stations will be accelerated [1] - There is an emphasis on technological innovation in areas like plastic powder materials and critical components [1] Group 3: Collaborative Development - The strategy includes strengthening cooperation along the industry chain and leveraging resources from national laboratories and academic institutions for intellectual support [1]