Hydrogen concept stocks generally rose in early trading. As of press release, Weichai Power (02338) rose 4.41% to HK$15.16; Beijing Electromechanical (00187) rose 4.09% to HK$2.8; Dongfang Electric (01072) rose 4.17% to HK$8.74; and CIMC Enric (03899) rose 0.61% to HK$6.61.
The Zhitong Finance App learned that hydrogen concept stocks generally rose in early trading. As of press release, Weichai Power (02338) rose 4.41% to HK$15.16; Beijing Electromechanical (00187) rose 4.09% to HK$2.8; Dongfang Electric (01072) rose 4.17% to HK$8.74; and CIMC Enrique (03899) rose 0.61% to HK$6.61.
According to the news, hydrogen energy was mentioned for the first time as an emerging energy source in this year's government work report. The report points out that “it is necessary to accelerate the development of cutting-edge and emerging industries such as hydrogen energy, new materials, and innovative pharmaceuticals.” Furthermore, the three departments of Shandong Province recently jointly issued the “Notice on Temporary Exemption of Highway Tolls for Hydrogen Vehicles”.
China Aviation Securities pointed out that after exempting high-speed charges, a 49-ton hydrogen heavy truck can save about 400,000 yuan in total life cycle costs compared to fuel heavy trucks, further improving the economy. Driven by factors such as policy and economy, the commercialization of hydrogen energy heavy trucks has accelerated. Bank of China International, on the other hand, pointed out that under policy guidance, hydrogen energy is expected to be applied in the fields of transportation, metallurgy, refining, etc., and downstream demand for hydrogen energy will increase or guide large-scale upstream investment, and companies with technical advantages in electrolyzers, fuel cells, hydrogen storage, transportation, and filling equipment are expected to benefit.