"China is the world's largest producer and consumer of hydrogen, with 36.5m tonnes produced in 2024. The industry is shifting focus from light-duty FCEVs to hard-to-abate sectors like steel, chemicals, and heavy transport. Despite policy support, the industry faces high costs, infrastructure gaps, and low efficiency compared to battery EVs. A new 2026 pilot program aims to commercialize the industry and reduce costs to 15-25 yuan/kg by 2030."