Subsidies for FCEV program (Round 3)

China has allocated CNY 2.34 billion (USD 330 million) in its latest round of funding to support fuel cell electric vehicle (FCEV) development, bringing the total FCEV program funding to CNY 5.11 billion (USD 700 million) over the past few years. This funding targets seven provinces and three cities, with the top three recipients being Hebei (CNY 793 million), Beijing (CNY 450 million), and Henan (CNY 420 million), reflecting a strong regional push to scale up hydrogen mobility infrastructure and adoption.

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