Industry:
The number of special vehicles on the list accounts for 50%. In 2022, the recommended catalogue of the second batch of new energy models issued by the Ministry of industry and information technology, of which 6 system enterprises are supporting 10 FCVs; Among them, the number of special vehicles on the list is 5, which has increased for the first time since August 2021, indicating that the government orders of FCV may increase.
The supporting high-power system has an obvious upward trend, which is in line with the development path of fuel cell technology. In 2022, the number of two batches of high-power systems on the list showed an upward trend, and the supporting proportion of high-power systems reached 80%; In the second batch of this year, the Sany Heavy Truck with the highest power of 130.5kw in the fuel cell system is supported by Wuhan xiongtao hydrogen Xiong fuel cell system.
The driving range of the vehicle meets the requirements of commercial vehicle application scenarios. The FCV driving range of the second batch of recommended catalogue in 2022 mostly covers 400500km; Among the recommended models in 2021, the driving range mainly covers the range of 400800km, and most models have been promoted and demonstrated in various application scenarios.
Company:
Benefiting from the development of the demonstration urban agglomeration, the number of systematic enterprises in Guangdong urban agglomeration accounted for more than half of the list. In the second batch of catalogue in 2022, Shenzhen Sinohydro has the largest number on the list, with 3 models, accounting for 30%; The second is hydrogen blue era (2, 20%); Other systems are only listed in one model.
Driven by policies and subsidies, car companies accelerated the promotion of fuel cell models. Longde has 20 recommended models, accounting for 2% of the list; The rest are listed in 1 model; Yantai Hyde (environmental sanitation company) was listed for the first time.
Investment advice
2022 will be the first year of the explosion of hydrogen energy and fuel cell industry. We suggest paying attention to the hydrogen production link with large market space and obvious performance growth, and first promote Jiangxi Jovo Energy Co.Ltd(605090) , which has geographical and resource advantages; Secondly, it is suggested to pay attention to relevant companies in Guangdong with strong policies, such as Shanxi Meijin Energy Co.Ltd(000723) , Shenzhen Center Power Tech.Co.Ltd(002733) .
Risk tips
The policy is not as expected; The construction of hydrogenation station is not as expected; Hydrogen cost reduction is less than expected
