China’s policies to boost its fledgling hydrogen-powered auto industry are coming at just the right time for entrepreneur and former carmaker executive Wang Chaoyun.
His startup, Anhui Mingtian Hydrogen Energy Technology Co., makes fuel-cell stacks for vehicles propelled by the element, which produces no emissions from the tailpipe. During Mingtian Hydrogen’s brief existence, the fuel-cell vehicle industry has received more than $1 billion worth of investments from Chinese companies, according to data compiled by researcher BloombergNEF.
“When I set up the company in 2017, it felt like fighting ahead in complete darkness, with people doubting my choice of ...
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