I. Opportunity of FCVs in v EV bloomed in the past years, under the stimulation of governmental subsidy; v Subsidy drops to be 70% for buses and cars, and 40% for trucks in transition period from 12 Feb to 11 Jun of 2018; v Capitals are seeking alternative technologies. I. Opportunity of FCVs in China vSubsidy for FCV and hydrogen refueling stations will not change.

Subsidy from Central Vehicle Type Government

Fuel Cell Cars ￥200’000/Vehicle *

Fuel Cell Mini Buses and Light Duty Trucks ￥300’000/Vehicle

Fuel Cell Buses and Heavy Duty Trucks ￥500’000/Vehicle

*Note: ￥200’000 RMB ≈ 30’000 USD

II. Development of FCVs in China vFuel Cell Vehicle Producers II. Development of FCVs in China vFuel Cell Vehicle Producers II. Development of FCVs in China vFuel Cell Vehicle Producers w At least 20 vehicle producers are developing FCV in China; w At least 30 types of FCV being registered at the end of 2017. Fuel Cell Stack Power of Fuel Cell Stack Vehicle Manufacturer Vehicle Type Vehicle Length (m) Milage (km) Producer (kW) SAIC Sunrise Bus 6.1 430 30 Bus 8.2 400 30 Bus 12 500 31 SinoHytec Bus 12 500 31 Bus 12 600 60 SinoSynergy Bus 12 600 50 Bus 8.5 450 30 Bus 8.5 450 30 FOTON SinoHytec Bus 8.5 425 31 Bus 10.5 385 31 Bus 12 450 60 Bus 8.5 360 30 SHENGLONG SinoHytec Bus 10.5 387 31 Bus 12 433 60 Bus 7 320 30 FOSHAN FEICHI SinoSynergy Bus 8.5 308 30 Bus 11 360 60 SinoSynergy Truck 6.4 305 30 DONGFENG Edelman Truck 6.1 305 30 Refire Truck 6.4 305 30 SinoHytec Bus 8.1 310 31 XIAMEN KINGLONG SinoSynergy Bus 12 500 60 Truck 6.7 378 30 Truck 6.7 305 30 YANGMAN Bing Energy Truck 6.7 305 30 Bus 10.2 390 30 Bus 10.2 440 30 NANJING KINGLONG Xingbang Bus 10.2 530 30 II. Development of FCVs in China vFuel Cell Cars

Engineering car EXPO VIP car Prototype

SAIC Gen4 SAIC Gen3 SAIC Gen2 SAIC Gen1 II. Development of FCVs in China vFuel Cell Cars w Great Wall Motor plans to release first FCV in 2022;

w , bigest engine producer in China, plans to invest ￥50b to 2030 to develop fuel cell engine;

w Guangzhou Automobile Group Co., Ltd. (GAC) also plans to develop FCV. II. Development of FCVs in China vFuel Cell Minibus w SAIC launched FCV80 in 2017, received 100 orders; Ÿ Price ￥1’300’000;

Ÿ 6kg H2, 35MPa hydrogen ; Ÿ Fueling time 5min, milage 500km; Ÿ 45kW fuel cell engine, 14.3kWh battery. II. Development of FCVs in China vFuel Cell Buses w Nation-Synergy now has the largest FCB fleet (28 FCBs) Ÿ Sanshui FCB fleet was launched on 28 Sep. 2016, and 6 buses started taking passengers from 15 Jun. 2017; Ÿ Yunfu FCB fleet was launched on 18 Oct. 2016, and 5 buses started taking passengers from 28 May 2017. II. Development of FCVs in China

vFuel Cell Buses Sanshui Yunfu Date of demonstration beginning 2016.9.28 2016.10.18 Date of taking real passengers 2017.8.18 2017.6.16 Route length (km) 31 63 Number of fuel cell buses 6 5

Average hydrogen consumption (kg H2/100km) 7.1 7.3 Accumulated milage (km) 181027 173030 Average milage per bus (km) 30171 34606 II. Development of FCVs in China

vFuel Cell Buses

Fuel cell bus operation data Cumulative Total No. Site Licence plate Bus number mileage/km mileage/km 1 Yunfu 粤W10820 FCG16005 36677 2 Yunfu 粤W10833 FCG16006 37675 3 Yunfu 粤W10836 FCG16007 31442 4 Yunfu 粤W10838 FCG16008 38282 5 Yunfu 粤W10830 FCG16013 28954 173030 6 Shanshui 粤EU3255 FCG15008 24236 7 Shanshui 粤EU3755 FCG15009 35122 8 Shanshui 粤EU3526 FCG15010 30411 9 Shanshui 粤EU3977 FCG15011 36684 10 Shanshui 粤EU3522 FCG16001 28375 11 Shanshui 粤EU3955 FCG16002 26199 181027 354057 II. Development of FCVs in China vFuel Cell Buses w Feichi is now producing 300 fuel cell buses for Foshan and Yunfu city and will deliver in 2018; w The 8.5m fuel cell buses use fuel cell stacks produced by Synergy- Ballard JV and modules produced by Synergy-Refire JV; w Peak power of the fuel cell module is 30kW. II. Development of FCVs in China vFuel Cell Buses w Foton built a factory to produce FCV in Zhangjiakou Hebei province with capacity to build 2,000 buses per year; w Foton won the bid of 49 vehicles of 10.5m fuel cell buses of Zhangjiakou and is expected to win a further 250; w Foton's fuel cell buses use modules of Sinohytec. II. Development of FCVs in China vFuel Cell Buses w Yutong is the largest bus manufacturer with 35% market; w Yutong planned to launch 100 FCBs and built a hydrogen refueling station in it facility; w Yutong won the bid of 25 vehicles of 12m fuel cell buses for Zhangjiakou; w Yutong's fuel cell buses use modules of Sinohytec. II. Development of FCVs in China vFuel Cell Trucks w Dongfeng launched 760 fuel cell logistic trucks in 2017 and 500 were licenced in ; w The truck use 30kW fuel cell module from Refire and could loaded 3.2 tons of goods, with 400km milage； w A factory of Dongfeng is in constructing in Yunfu city near Synergy to produce fuel cell trucks. II. Development of FCVs in China vFuel Cell Trucks w Automobile Group has produced 400 fuel cell trucks and planned to launch 800 vehicles in Xian; w Yangman's fuel cell trucks use fuel cell modules from Bing Energy located in Rugao of Jiangsu Province. II. Development of FCVs in China vFuel Cell Trams w CRRC Qingdao Sifang exhibited its fuel cell tram prototype in 2015, and ten FC trams are planned to operate on a line in Foshan Gaoming, with 6.8km line; w CRRC Tangshan Company launched its commercial hybrid FC tram and demonstrated running in Hebei Tangshan; w Potential lines will be opened in Luzhou, Taizhou, ... II. Development of FCVs in China vForecast of FCVs in China 2016 2020 2030 2050

180b RMB 300b RMB 1t RMB 4t RMB 3 72b m3 H /y 100b m H2/y Become an H production 2 2 Complete Demo Increasing point in important part in 3 70b m H2/y of industrial chain energy market national energy Take advantage of abandoned solar, wind and hydro energy Cut down use of coal, oil and NG; Clean use of coal

100 H2 stations Complete H2 Grid >1000 H2 stations 4 H2 refueling 200 MW FC power 100 GW FC power 10 M FC vehicles stations 10’000 FC vehicles Well-done H 2M FC vehicles 2 50 FC tram lines infrastructure and Demo of FC ships 3000km H2 pipelines distributed power

Build support system which is benefit for development of hydrogen energy Testing and Technical support Code & Standard Quality & Safety Financial support certification Industrialize platform

III. H2 Refueling stations in China

vHydrogen refueling stations • At least 12 hydrogen stations are in operation to end of 2017; Location Time Scale Status 2006 2023 times refueling, 19100kg fueled from 2006 to 2010 In use Shanghai 2007 6013 times refueling, 10216kg H2 being fueled In use 2015 250kg H2 refueled per day In use Yunfu 2016 Capable for refueling of more than 20 buses In use Dalian 2016 70MPa In use Foshan 2016 360kg H2 per day In use Changshu 2017 70MPa for refueling of MIRAI In use Zhongshan 2017 Containerlized refueling station In use Chengdu 2017 Containerlized refueling station In use Rugao 2017 Containerlized refueling station In use III. H2 Refueling stations in China vHydrogen refueling stations w At least 8 stations are in contructing; w At least 10 stations are in planning. III. H2 Refueling stations in China vHydrogen refueling stations at Yunfu w One station has alreday in service; w 10 stations in Foshan and 5 stations in Yunfu will be built this year Area of station: 6465m2 Area of construction: 674.4m2 Hydrogen storage: 665kg Tube trailer: 500kg (20MPa) High pressure tank: 165kg (45MPa) Investment: 13.6 Million RMB

IV. Hydrogen industry at Yunfu vHydrogen Energy Industrial Park w Located at Silao County of Yunfu City, 125km from Guangzhou; w Area of the industrial park is 230’000m2, construction area is 170’000m2, total investment is 458 million RMB; w Construction of the Industrial Park is PPP mode.

Yunfu IV. Hydrogen industry at Yunfu vHydrogen Energy Industrial Park

Factory of Feichi

Factory of Nation-Synergy IV. Hydrogen industry at Yunfu vNation-Synergy w A joint venture has already been founded for fuel cell production; w Area of the workshop is 12’000m2 with 120m long and 100m wide; w Annual fuel cell stack production is 20’000 sets; w Annual fuel cell module production is 5000 sets. IV. Hydrogen industry at Yunfu vNation-Synergy w Automation fuel cell stack production line design; w Production line started producing from Jul 1st, 2017. IV. Hydrogen industry at Yunfu vNation-Synergy

电堆生产

双极板生产 系统集成 IV. Hydrogen industry at Yunfu vSynergy-Ballard w A joint venture of Synergy and Ballard founded in 2016; w Fuel cell stack producing; w 20'000 stacks each year; w 1'200 stacks were produced in 2017. IV. Hydrogen industry at Yunfu vSynergy-Refire w A joint venture of Synergy and Refire founded in 2016; w Fuel cell module producing; w 700 sets of 30kW modules produced in 2017. IV. Hydrogen industry at Yunfu vFeichi bus w Production capacity: 5000 FCBs/Year. IV. Hydrogen industry at Yunfu vFeichi bus

8.5m 6.9m Fuel cell Fuel cell bus minibus

12m Fuel cell MPV bus

V. Conclusions Conclusions vFuel cell and hydrogen energy technologies are developing very fast in China these two years; vNew technolgies and products are very welcome to China for commericalization; vWe are open to cooperate with other partners. Thank you!