China becoming fuel cell electric vehicle leader, World Platinum research indicates
In what is a major plus for platinum demand and consequently South Africa’s local mining economy, China is poised to become a leading market for platinum-using fuel cell electric vehicles (FCEVs), which provide the zero-emission mobility that the world so desperately needs to help combat rampant climate change.
Just launched in China is the first mass-produced passenger FCEV – the Changan Shenlan SL03 – which follows heavy-duty FCEVs being deployed in significant numbers. In 2019, China had about seven-million heavy-duty trucks – or one-third of the world’s 20-million heavy-duty trucks.
The Asian giant is also at the forefront of the FCEV bus market, its 5 290 FCEV bus fleet giving it a global share of close to 94%; statistics of the International Energy Agency Advanced Fuel Cells Technology Collaboration Programme show that, at the end of 2020, there were 5 648 FCEV buses globally.
GREEN HYDROGEN
Green hydrogen production capacity additions in China comprise 36% of all planned projects globally. These additions support the roll-out of infrastructure such as hydrogen refuelling stations that are needed to make FCEVs a viable consumer option.
Green hydrogen generation requires electrolysers and the platinum-based PEM electrolysers used are showing steady market penetration.
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