Toyota mentioned that Chinese hydrogen costs are roughly 1/3 the cost of Japanese hydrogen.
Mitsumasa Yamagata, president of the Japanese carmaker’s hydrogen arm, said China was taking a lead in infrastructure for , reducing fuel costs to a third of Japan’s and rapidly building refuelling stations. China already accounts for most of the world’s hydrogen commercial vehicle sales. Hydrogen in China costs between ¥500 and ¥1,000 ($3.50 and $7) per kilogramme versus ¥2,000 in Japan, said Yamagata, although part of that advantage is due to producing the fuel as a byproduct in steelmaking.
China’s sales of hydrogen fuel-cell buses and trucks in 2024 were higher than all other regions of the world put together, at 7,069 units, according to data provider Interact Analysis. Chinese state media last month touted the launch of the country’s first cross-region hydrogen truck route spanning 1,150km between Chongqing and the southern port of Qinzhou.