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[In 2023, the total production and sales of hydrogen fuel cell vehicles in China will be only 5,631 and 5,791 respectively. However, there are hundreds of manufacturers providing fuel cell systems for these vehicles.]

[As for the solution, Zou Yuquan, CEO of Hongji Chuangneng Technology (Foshan) Co., Ltd., told the reporter of China Business News last year that the most important thing at present is how to reduce costs as soon as possible and break the excessive dependence on subsidies. He believes that the only way for hydrogen fuel cell vehicles to be market-oriented as soon as possible is to make end users really willing to pay for and use hydrogen vehicles, so that the industry can start to turn around. More specifically, the price of a 49-ton hydrogen fuel cell heavy truck should be controlled at 800,000 yuan per vehicle, and the price of a passenger car should be around 350,000 yuan per vehicle. The price of hydrogen should be 25 yuan per kg, which is the first step to ensure market-oriented operation. "To this day, I still hold this view," he said. ]

Li Yi is a project manager at a manufacturer of core components for hydrogen fuel cell (commonly known as "fuel cell") systems. He told the First Financial reporter that the company has laid off about 20% of its employees this year and salary payments have also been delayed compared to previous years.

Li Yi introduced that hydrogen-powered vehicles are still in the "starting" and "climbing" stages. The industry's market space is limited and there are few application scenarios, so that the company's "products cannot be sold."

According to the data from the China Association of Automobile Manufacturers, the total production and sales of hydrogen fuel cell vehicles in China will be only 5,631 and 5,791 respectively in 2023. However, there are hundreds of manufacturers providing fuel cell systems for these vehicles.

The company where Li Yi works currently has a huge amount of long-standing accounts receivable, and as financing channels become increasingly difficult, the company's funds are becoming increasingly tight.