China is not only the world’s biggest auto market, it also is the biggest market for electric vehicles. China pivots away from subsidizing battery-electric vehicles, and is putting its government money on hydrogen.
The strategy is bearing fruit for persistent hydrogen-booster Toyota. The Japanese carmaker says it will supply key fuel-cell technology to China’s FAW and Higer Bus. Both are major players in the truck and bus segment.
Read the article at The Drive.