Reported about 1 year ago
Following the EU's announcement of imposing retaliatory tariffs on China's electric vehicle industry, European hydrogen equipment companies like Thyssenkrupp Nucera are now urging the EU to assist local companies in facing unfair competition from low-priced Chinese manufacturers. The EU aims to produce 10 million tons of renewable hydrogen by 2030 but faces challenges as China rapidly expands its hydrogen equipment production capacity, currently holding 40% of global electrolyzer capacity compared to 10% in 2023. European companies are seeking to establish 'Made in Europe' standards to protect local industries, with giants like Siemens Energy and NEL Hydrogen calling on the EU to strengthen scrutiny on Chinese subsidies and curb the impact of Chinese imports on local manufacturers.
Source: YAHOO