Phoenix New Media Hong Kong stocks | some fuel cell stocks strengthened, with Dongfang Electric (01072) up 8.22%; Dongyue Group (00189) up 4.43%; CIMC Enrico (03899) up 3.9%; and Shanghai Electric (02727) up 1.79%.

On the news side, the latest research report of China Galaxy Securities points out that hydrogen energy vehicles have maintained a high growth rate of sales and ownership in recent years, with a compound growth rate of 63% in 2016 and 114% in 2019. The global fuel cell market will be worth 4.2 billion US dollars in 2020. In the long run, fuel cell vehicles will continue to be the main growth force in the fuel cell market.

According to the bank, according to the forecast, the global fuel cell market will grow at a compound annual rate of 16.64% from 2020 to 2025 and will reach US $9.05 billion in 2025. It can be seen that there is a lot of room for the development of fuel cell and hydrogen energy vehicles in the future, and they are optimistic about the development prospect of fuel cells and hydrogen energy vehicles.