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Title: China Motor City sets up fund developing hydrogen energy vehicles
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URL Source: http://news.xinhuanet.com/english/2016-09/22/c_135705870.htm
Published: Sep 23, 2016
Author: Editor: Mengjie
Post Date: 2016-09-23 05:35:47 by Tatarewicz
Keywords: None
Views: 233
Comments: 6
WUHAN, Sept. 22 (Xinhua) -- Long positioned as China's Motor City, Wuhan, capital of central China's Hubei Province, has set up a fund to invest in the industry for the hydrogen energy automobiles of the future. On Wednesday, the city government signed a deal with two top Chinese universities -- Tongji and China University of Geosciences -- to jointly set up a fund worth 200 million yuan (30 million U.S. dollars) in efforts to initiate the industry. Wuhan is China's major auto production base, home to the Shanghai General Motors resposible for the Buick Excelle, the Dongfeng Renault plant, PSA, Honda and dozens of auto part-makers. The auto industry now supplies 20 percent of the city's industrial output and employs more than 1 million residents. The government hopes the fund can obtain 10 billion yuan from the provincial fund for regional economic belt development, for clean energy auto development. According to the deal, the government will encourage domestic auto makers to establish independent hydrogen vehicle brands. This year trial production of prototype hydrogen-powered buses and logistic vehicles is expected. Hydrogen fuel cells are a clean energy source used in the automobile industry. In 2015, China became the first country to utilize hydrogen-powered tram technology, with China South Rail's hydrogen-powered tram.
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Begin Trace Mode for Comment # 6.
#1. To: Tatarewicz (#0)
Cool! With any luck at all,they will end up blowing up China.
I work from home, and live in an area with a lot of shopping opportunity. A tank of gas in my 2001 V6 Mustang lasts a month. Back when I had an office I had to drive to, I typically had to fill up tank every week or so. I for one would pay 100s of dollars for a power pack that lets me drive my car for a year without having to deal with Pakistanis and locals at the BP.
I ride a 125 scooter through the beaches here ! Very efficient and fun. Rainy season can get you wet fast.
poser! :)
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#2. To: sneakypete (#1)
#3. To: Dakmar (#2)
#6. To: Rotara (#3)
I ride a 125 scooter through the beaches here !
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