Zhongjin: The fuel cell industry is expected to gradually overcome short-term difficulties and has great potential for long-term development.

The Zhongjin Research Report pointed out that during the "14th Five-Year Plan" period, the promotion progress of fuel cell vehicles fell short of expectations, with a gap still existing from the target. The fuel cell industry generally faces issues such as weak growth, poor profitability, and a build-up of accounts receivable. Zhongjin believes that although the industry faces short-term pressure, China's hydrogen energy strategy remains clear. It is expected that a new round of supporting policies will be introduced, along with the continuous expansion of application scenarios. The fuel cell industry is expected to gradually overcome its short-term difficulties and has great potential for long-term development.