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Hydrogen Truck Market by Vehicle Type, Fuel Cell Technology, Motor Power(Upto 200 Kw, 200-400 Kw, Above 400 Kw), Range( Upto 300 miles, 300-500 miles, Above 500 miles), Tank Size, Type of Hydrogen Tank, and Region - Global Forecast to 2035
Market Report I 2024-09-10 I 342 Pages I MarketsandMarkets
The global hydrogen truck market is projected to grow from USD 1.9 billion in 2024 to USD 10.8 billion in 2035, at a CAGR of 16.9%.
Hydrogen trucks presents a significant opportunity for transportation fleet owners to achieve zero-emission transportation with similar operational benefits from conventional diesel vehicles. Government plans and initiatives for hydrogen infrastructure and production, deployment of hydrogen trucks, implementation of fleet decarbonization mandates and rapid setup of hydrogen technology R&D centers in the region due to lower cost are the factors driving the demand for hydrogen trucks. Also, lower TCO of hydrogen trucks as compared to ICE and Battery-electric trucks is increasing the demand for hydrogen truck market.
"30-60 kg segment is expected to hold a significant share of hydrogen truck market during the forecast period."
A medium-sized hydrogen fuel tank that stores between 30 and 60 kilograms of hydrogen are commonly used in standard medium-length buses and medium-duty trucks. They offer a balance between range and payload capacity, making them suitable for a wide variety of transportation needs, including daily commutes and long- distance travel. These tanks are generally used for intercity/transit applications in buses. 30-60 kg tank is preferred over <30kg and >60 kg tank due to its operational efficiency and less refueling time, making it an ideal solution for long-haul transportation. Leading OEMs such as Solaris, Hyundai Motor Company, Foton International, Van Hool, and Mercedes Benz, among others, provide models such as Foton BJ6123FCEVCH, Hyundai UNIVERSE Fuel Cell, Hyundai ELEC CITY Fuel Cell, eCitaro fuel cell, hydrogen buses with fuel tank capacities of 30-60 kg. Trucks usually use these tanks for refuse services as well as long-haul transportation. OEMs such as HYZON Motors, Hyundai Motor Company, Foton International, and Nikola, among others, provide models such as Hymax 24t, Xcient FC, Nikola Tre, HYMAX-500 and QUANTRON FCEV EU Heavy Truck, among others with fuel tank capacity of 30-60 kg.
"200-400 kw to lead the market for hydrogen buses and truck, by motor power"
The 200-400 kW segment has a wide range of applications, including regular city buses and articulated buses utilized on mixed urban and suburban routes and medium-duty trucks that demand more power and speed. Also, 200-400 kW is more prevalent in Transit buses due to its balance between power output and vehicle range.
Hydrogen trucks in North America generally include motors which vary from 200 kW to 400 kW. California transit companies, such as AC Transit and SunLine Transit, are in their early stages of hydrogen bus deployment due to state zero-emission transportation applications. The high cost of hydrogen generation, limited refueling infrastructure, and the necessity for more technology advancements are significant barriers. Leading automakers in Europe, like Solaris and IVECO s.p.a., have started operating hydrogen transit buses in the region. Solaris, for example, delivered 200 hydrogen buses to about 24 European cities in December 2023 and secured additional pre-orders for 600 hydrogen-powered vehicles between 2024 and 2026.
"North America is expected to have significant growth during the forecast period."
North America has been one of the leading regions in terms of manufacturing of hydrogen vehicles with the help of renowned fuel cell component providers in the US and Canada such as Ballard Power (Canada), Plug Power (US), and Fuel Cell Energy (US). US and Canada have been supporting the growth of FCEVs, especially in the commercial vehicle sector. The governments have supported performance testing for hydrogen vehicles for interstate logistics and buses. The presence of companies like Ballard Power Systems, Hyster-Yale, Plug Power, Cummins, Advent Technologies Holdings, BorgWarner, among others makes the North American market more competitive. Transit agencies in the North America are increasingly adopting hydrogen buses by local OEMs, such as NFI and First Hydrogen, due to their longer operational range, and quick refueling times across diverse climates. Unlike electric buses, which have longer charging times and infrastructure prerequisites, hydrogen buses offer a more scalable and viable solution. Every hydrogen bus deployed in the US could reduce the carbon released into the atmosphere by 100 tons annually and eliminate the need for 9,000 gallons of fuel every year over the vehicle's life. Compared to ICE Buses, that translates into more than USD 37,000 per year per vehicle savings.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: OEMs - 24%, Tier I - 67%, and Tier II & III- 9%,
- By Designation: C- Level Executives - 33%, Directors - 52%, and Others - 15%
- By Region: North America - 26%, Europe - 36%, and Asia Pacific - 38%
The hydrogen truck market is dominated by major players including Foton International (China), Yutong Bus Co., Ltd. (China), Xiamen King Long International Trading Co., Ltd. (China), Solaris Bus & Coach sp. z o.o. (Poland), and Hyundai Motor Company (South Korea). These companies are expanding their operations in green hydrogen infrastructure to strengthen their hydrogen ecosystem.
Research Coverage:
The report covers the hydrogen truck market, in terms of Vehicle Type (Hydrogen Bus, Hydrogen Truck), Fuel Cell Technology (PEMFC, SOFC), Motor Power (Less Than 200 KW, 200 - 400 KW, Above 400 KW), Range (Upto 300 Miles, Between 300 - 500 Miles, Above 500 Miles), Tank Size(<30 kg, 30-60 kg, >60 kg), Type of Hydrogen Tank (Type III, Type IV), and Region (Asia Pacific, Europe, and North America). It covers the competitive landscape and company profiles of the major players in the hydrogen truck market ecosystem.
The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
- The report will help market leaders/new entrants with information on the closest approximations of revenue and volume numbers for the overall hydrogen truck market and its subsegments.
- This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.
- The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
- The report also helps stakeholders understand the current and future pricing trends of hydrogen buses and trucks.
The report provides insight on the following pointers:
- Analysis of key drivers (Fleet Decarbonization Mandates, Faster refueling compared to EVs, Expansion of Hydrogen Refueling Infrastructure, Growing investment in Green Hydrogen production), restraints (High Initial Investment in Hydrogen Refueling Infrastructure, Infrastructure Scalability Issues, Issue with high flammability and detection of fuel leakages), opportunities (Advancements in Fuel Cell Technology, Integration with Renewable Energy Sources, Hydrogen Corridors, Government initiatives promoting hydrogen infrastructure, Development of portable hydrogen refueling stations), and challenges (High Vehicle Cost compared to gasoline/EVs, Hydrogen Storage & Transportation Challenges, Higher operating cost compared to EVs).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the hydrogen bus and truck market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the hydrogen truck market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the hydrogen truck market.
- Competitive Assessment: In-depth assessment of market ranking, growth strategies, and service offerings of leading players like Foton International (China), Yutong Bus Co., Ltd. (China), Xiamen King Long International Trading Co., Ltd. (China), Solaris Bus & Coach sp. z o.o. (Poland), and Hyundai Motor Company (South Korea) among others in hydrogen truck market.
1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 27
1.3 STUDY SCOPE 29
1.3.1 MARKET SEGMENTATION 29
1.3.2 INCLUSIONS & EXCLUSIONS 30
1.4 YEARS CONSIDERED 30
1.5 CURRENCY CONSIDERED 31
1.6 UNIT CONSIDERED 31
1.7 STAKEHOLDERS 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
2.1.1 SECONDARY DATA 33
2.1.1.1 List of key secondary sources 34
2.1.1.2 Key data from secondary sources 35
2.1.2 PRIMARY DATA 36
2.1.2.1 Primary interview participants 36
2.1.2.2 Key industry insights 37
2.1.2.3 Breakdown of primary interviews 37
2.1.2.4 List of primary participants 38
2.2 MARKET SIZE ESTIMATION METHODOLOGY 38
2.2.1 BOTTOM-UP APPROACH 40
2.2.2 TOP-DOWN APPROACH 41
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 42
2.4 FACTOR ANALYSIS 44
2.5 RESEARCH ASSUMPTIONS 44
2.6 RESEARCH LIMITATIONS 45
2.7 RISK ANALYSIS 46
3 EXECUTIVE SUMMARY 47
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROGEN BUS & TRUCK MARKET 52
4.2 HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE 52
4.3 HYDROGEN BUS & TRUCK MARKET, BY TYPE OF TANK 53
4.4 HYDROGEN BUS & TRUCK MARKET, BY HYDROGEN TANK SIZE 53
4.5 HYDROGEN BUS & TRUCK MARKET, BY RANGE 54
4.6 HYDROGEN BUS & TRUCK MARKET, BY MOTOR POWER 54
4.7 HYDROGEN BUS & TRUCK MARKET, BY REGION 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 IMPACT OF AI/GEN AI ON HYDROGEN BUS & TRUCK MARKET 58
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 58
5.4 MARKET DYNAMICS 59
5.4.1 DRIVERS 60
5.4.1.1 Fleet decarbonization mandates 60
5.4.1.2 Faster refueling than EVs 61
5.4.1.3 Expansion of hydrogen refueling infrastructure 63
5.4.1.4 Growing investment in 'Green Hydrogen' production 64
5.4.1.5 Government initiatives promoting fuel cell vehicles 64
5.4.2 RESTRAINTS 65
5.4.2.1 High initial investments in hydrogen refueling infrastructure 65
5.4.2.2 Infrastructure scalability issues 66
5.4.2.3 High flammability and detection of fuel leakages 67
5.4.3 OPPORTUNITIES 68
5.4.3.1 Advancements in fuel cell technology 68
5.4.3.1.1 FCEV commercial freight truck developments 69
5.4.3.2 Development of mobile and community hydrogen fueling systems 69
5.4.3.3 Integration with renewable energy sources 70
5.4.3.4 Deployment of hydrogen corridors 72
5.4.4 CHALLENGES 74
5.4.4.1 High cost compared to gasoline/electric vehicles 74
5.4.4.2 Hydrogen storage and transportation challenges 74
5.4.4.3 Higher operating costs than EVs 75
5.5 PRICING ANALYSIS 77
5.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS FOR HYDROGEN BUSES 77
5.5.2 AVERAGE SELLING PRICE TREND OF KEY OEMS FOR HYDROGEN TRUCKS 78
5.5.3 AVERAGE SELLING PRICE TREND, BY REGION 79
5.6 ECOSYSTEM ANALYSIS 81
5.7 VALUE CHAIN ANALYSIS 84
5.8 CASE STUDY ANALYSIS 85
5.8.1 BALLARD POWER SYSTEMS INTRODUCED ZERO-EMISSION HYDROGEN FUEL CELL BUSES TO REDUCE GREENHOUSE GAS EMISSIONS 85
5.8.2 BALLARD POWER SYSTEMS SUPPLIED FCVELOCITY-9SSL FUEL CELL STACKS TO SHANGHAI RE-FIRE TECHNOLOGY TO ESTABLISH FLEET OF 500 FUEL CELL TRUCKS 85
5.8.3 TRANSPORT FOR LONDON (TFL) INTRODUCED FUEL CELL BUSES TO REDUCE CARBON EMISSIONS BY 2025 86
5.8.4 BALLARD POWER SYSTEM AND VAN HOOL COLLABORATED TO ESTABLISH SUSTAINABLE TRANSPORTATION SOLUTION 87
5.8.5 HALL DECIDED TO INVEST IN NIKOLA TRE FCEVS (FUEL CELL ELECTRIC VEHICLES) TO ELIMINATE USE OF FOSSIL FUEL TRUCKS 87
5.9 KEY OEMS: MNM INSIGHTS 88
5.9.1 FOTON INTERNATIONAL: FCEV STRATEGIES 88
5.9.2 XIAMEN KING LONG INTERNATIONAL TRADING CO., LTD.: FCEV STRATEGIES 89
5.9.3 YUTONG BUS CO., LTD.: FCEV STRATEGIES 90
5.9.4 SOLARIS BUS & COACH SP. Z.O.O.: FCEV STRATEGIES 90
5.9.5 HYUNDAI MOTOR COMPANY: FCEV STRATEGIES 92
5.10 HYDROGEN BUS & TRUCK MARKET: BUSINESS MODELS 94
5.11 HYDROGEN REFUELING STATION SETUP TRENDS, BY REGION: MNM INSIGHTS 95
5.12 COUNTRY-LEVEL TARGETS OF HYDROGEN BUSES/TRUCKS AND REFUELLING STATIONS: MNM INSIGHTS 96
5.13 HYDROGEN COMMERCIAL VEHICLES' FUEL CAPACITY AND RANGE: MNM INSIGHTS 99
5.14 EXISTING AND UPCOMING HYDROGEN COMMERCIAL VEHICLE MODELS: MNM INSIGHTS 101
5.15 H2ICE BUSES & TRUCKS: MNM INSIGHTS 102
5.16 TRADE ANALYSIS 103
5.16.1 EXPORT SCENARIO 103
5.16.2 IMPORT SCENARIO 105
5.17 TOTAL COST OF OWNERSHIP COMPARISON OF BEV AND FCEV BUSES AND TRUCKS 106
5.18 BILL OF MATERIALS 108
5.18.1 BILL OF MATERIAL COMPARISON BETWEEN FCEV, ICE, AND BEV BUSES 108
5.18.2 BILL OF MATERIAL COMPARISON BETWEEN FCEV, ICE, AND BEV TRUCKS 110
5.19 PATENT ANALYSIS 112
5.19.1 INTRODUCTION 112
5.20 REGULATORY LANDSCAPE 115
5.20.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION 117
5.21 TECHNOLOGY ANALYSIS 121
5.21.1 KEY TECHNOLOGIES 122
5.21.1.1 Solid Oxide Fuel Cell (SOFC) 122
5.21.1.2 Polymer Electrolyte Membrane Fuel Cell (PEMFC) 122
5.21.1.3 Direct Borohydride Fuel Cell (DBFC) 123
5.21.1.4 Packaged fuel cell system module 123
5.21.1.5 Fuel Cell Hybrid Electric Vehicle (FCHEV) 124
5.21.1.6 Hydrogen Internal Combustion Engine (H2ICE) 125
5.21.1.7 Non-precious metal catalyst-based fuel cell 126
5.21.1.8 Carbonate-Superstructured Solid Fuel Cell (CSSFC) 126
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5.21.2 COMPLEMENTARY TECHNOLOGIES 126
5.21.2.1 Low carbon hydrogen 126
5.21.2.2 Hydrogenious LOHC (Liquid Organic Hydrogen Carrier) 127
5.21.2.3 Liquefied hydrogen technology 127
5.21.3 ADJACENT TECHNOLOGIES 127
5.21.3.1 Telematics and fleet management systems 127
5.21.3.2 Hydrogen sensor system 128
5.22 KEY CONFERENCES & EVENTS, 2024-2025 128
5.23 KEY STAKEHOLDERS & BUYING CRITERIA 129
5.23.1 KEY STAKEHOLDERS IN BUYING PROCESS 129
5.23.2 BUYING CRITERIA 130
5.24 INVESTMENT & FUNDING SCENARIO 131
5.25 FUNDING, BY VEHICLE TYPE 132
6 HYDROGEN BUS & TRUCK MARKET, BY MOTOR POWER 133
6.1 INTRODUCTION 134
6.2 UP TO 200 KW 135
6.2.1 LAST-MILE DELIVERY SERVICES TO BOOST DEMAND FOR ENGINES WITH POWER RANGE OF UP TO 200 KW 135
6.2.2 UP TO 200 KW: HYDROGEN BUS MODELS 136
6.2.3 UP TO 200 KW: HYDROGEN TRUCK MODELS 136
6.3 200-400 KW 138
6.3.1 GROWING DEMAND FOR TRANSIT BUSES TO DRIVE GROWTH
OF 200-400 KW SEGMENT 138
6.3.2 200-400 KW: HYDROGEN BUS MODELS 138
6.3.3 200-400 KW: HYDROGEN TRUCK MODELS 139
6.4 ABOVE 400 KW 140
6.4.1 INCREASING DEMAND FOR HEAVY-DUTY TRANSPORTATION TO BOOST MARKET 140
6.4.2 ABOVE 400 KW: HYDROGEN BUS MODELS 140
6.4.3 ABOVE 400 KW: HYDROGEN TRUCK MODELS 141
6.5 KEY PRIMARY INSIGHTS 142
7 HYDROGEN BUS & TRUCK MARKET, BY RANGE 143
7.1 INTRODUCTION 144
7.2 UP TO 300 MILES 145
7.2.1 DEMAND FOR EMISSION-FREE INTRACITY TRANSPORTATION AND LAST-MILE DELIVERY TO DRIVE SEGMENT GROWTH 145
7.2.2 UP TO 300 MILES: HYDROGEN BUS MODELS 146
7.2.3 UP TO 300 MILES: HYDROGEN TRUCK MODELS 146
7.3 300-500 MILES 148
7.3.1 DEMAND FOR FIELD SERVICES AND TRANSIT OPERATIONS TO DRIVE SEGMENT'S GROWTH 148
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7.3.2 300-500 MILES: HYDROGEN BUS MODELS 148
7.3.3 300-500 MILES: HYDROGEN TRUCK MODELS 149
7.4 ABOVE 500 MILES 150
7.4.1 INCREASING NEED FOR LONG-HAUL, HEAVY-DUTY TRANSPORTATION TO DRIVE MARKET 150
7.4.2 ABOVE 500 MILES: HYDROGEN BUS MODELS 151
7.4.3 ABOVE 500 MILES: HYDROGEN TRUCK MODELS 151
7.5 KEY PRIMARY INSIGHTS 152
8 HYDROGEN BUS & TRUCK MARKET, BY HYDROGEN TANK SIZE 153
8.1 INTRODUCTION 154
8.2 < 30 KG 156
8.2.1 DEMAND FOR LAST-MILE DELIVERY SERVICES AND SHORT-RANGE H2 BUSES TO BOOST MARKET 156
8.2.2 < 30 KG: HYDROGEN BUS AND TRUCK MODELS 156
8.3 30-60 KG 157
8.3.1 GROWING DEMAND FOR LONG-HAUL TRANSPORTATION TO SPUR MARKET GROWTH 157
8.3.2 30-60 KG: HYDROGEN BUS AND TRUCK MODELS 158
8.4 > 60 KG 160
8.4.1 INCREASING DEMAND FOR HEAVY-DUTY TRANSPORTATION TO BOOST GROWTH 160
8.4.2 > 60 KG: HYDROGEN BUS AND TRUCK MODELS 160
8.5 KEY PRIMARY INSIGHTS 161
9 HYDROGEN BUS & TRUCK MARKET, BY TYPE OF TANK 162
9.1 INTRODUCTION 163
9.1.1 HYDROGEN TANK TYPE CLASSIFICATION FOR AUTOMOTIVE APPLICATION 163
9.2 TYPE III 165
9.2.1 TYPE III TANKS CAN WITHSTAND HIGHER INTERNAL PRESSURE THAN OTHER TANKS 165
9.2.2 HYDROGEN BUSES WITH TYPE III HYDROGEN TANKS 166
9.2.3 HYDROGEN TRUCKS WITH TYPE III HYDROGEN TANKS 166
9.3 TYPE IV 167
9.3.1 NEED FOR HIGH-PRESSURE STORAGE OF HYDROGEN TO BOOST DEMAND FOR TYPE IV TANKS 167
9.3.2 HYDROGEN BUSES WITH TYPE IV HYDROGEN TANKS 168
9.3.3 HYDROGEN TRUCKS WITH TYPE IV HYDROGEN TANKS 169
9.4 KEY PRIMARY INSIGHTS 171
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10 HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE 172
10.1 INTRODUCTION 173
10.2 HYDROGEN BUSES 175
10.2.1 GOVERNMENT INITIATIVES TO BOOST DEMAND FOR HYDROGEN BUSES 175
10.2.2 MINIBUSES/SHUTTLES 177
10.2.2.1 HYDROGEN MINIBUS/SHUTTLE MODELS 177
10.2.3 CITY/TRANSIT BUSES 177
10.2.3.1 Hydrogen city/transit bus models 178
10.3 HYDROGEN TRUCKS 179
10.3.1 GROWING DEMAND FOR LONG-HAUL TRANSPORTATION TO DRIVE HYDROGEN TRUCKS MARKET 179
10.3.2 MEDIUM-DUTY TRUCKS 181
10.3.2.1 Hydrogen medium-duty truck models 181
10.3.3 HEAVY-DUTY TRUCKS 181
10.3.3.1 Hydrogen heavy-duty truck models 182
10.4 KEY PRIMARY INSIGHTS 183
11 HYDROGEN BUS & TRUCK MARKET, BY REGION 184
11.1 INTRODUCTION 185
11.2 ASIA PACIFIC 190
11.2.1 MACROECONOMIC OUTLOOK 193
11.2.2 CHINA 196
11.2.2.1 Rising investments in clean and renewable energy to drive growth 196
11.2.3 JAPAN 199
11.2.3.1 Increasing demand for hydrogen infrastructure to boost market 199
11.2.4 SOUTH KOREA 201
11.2.4.1 Push by local OEMs like Hyundai to encourage market demand and expansion 201
11.2.5 INDIA 203
11.2.5.1 Initiatives by government to promote 'Green Transportation' to drive growth 203
11.3 EUROPE 205
11.3.1 MACROECONOMIC OUTLOOK 211
11.3.2 FRANCE 214
11.3.2.1 Presence of major hydrogen-powered fleets to spur demand 214
11.3.3 GERMANY 215
11.3.3.1 Developments in hydrogen infrastructure to boost growth 215
11.3.4 ITALY 217
11.3.4.1 Shift toward hydrogen-powered vehicles to drive market 217
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11.3.5 SPAIN 219
11.3.5.1 Strategic partnerships and investments to drive production of hydrogen-powered vehicles 219
11.3.6 UK 220
11.3.6.1 Demand for zero-emission vehicles to drive market 220
11.4 NORTH AMERICA 222
11.4.1 MACROECONOMIC OUTLOOK 225
11.4.2 CANADA 228
11.4.2.1 Demand for fleet decarbonization to propel growth 228
11.4.3 US 229
11.4.3.1 Increasing deployment of hydrogen buses to spur popularity of hydrogen-powered vehicles 229
12 COMPETITIVE LANDSCAPE 232
12.1 OVERVIEW 232
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 232
12.3 MARKET SHARE ANALYSIS, 2023 234
12.4 REVENUE ANALYSIS 236
12.5 COMPANY VALUATION AND FINANCIAL METRICS 237
12.6 BRAND/PRODUCT COMPARISON 238
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 239
12.7.1 STARS 239
12.7.2 EMERGING LEADERS 239
12.7.3 PERVASIVE PLAYERS 239
12.7.4 PARTICIPANTS 239
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 241
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 243
12.8.1 PROGRESSIVE COMPANIES 243
12.8.2 RESPONSIVE COMPANIES 243
12.8.3 DYNAMIC COMPANIES 243
12.8.4 STARTING BLOCKS 243
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 245
12.9 COMPETITIVE SCENARIO 246
12.9.1 PRODUCT LAUNCHES 246
12.9.2 DEALS 248
12.9.3 EXPANSION 250
12.9.4 OTHER DEVELOPMENTS 252
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13 COMPANY PROFILES 257
13.1 KEY PLAYERS 257
13.1.1 FOTON INTERNATIONAL 257
13.1.1.1 Business overview 257
13.1.1.2 Products/Solutions offered 258
13.1.1.3 Recent developments 260
13.1.1.4 MnM view 264
13.1.1.4.1 Right to win 264
13.1.1.4.2 Strategic choices 264
13.1.1.4.3 Weaknesses & competitive threats 264
13.1.2 YUTONG BUS CO., LTD. 265
13.1.2.1 Business overview 265
13.1.2.2 Products/Solutions offered 266
13.1.2.3 Recent developments 267
13.1.2.4 MnM view 269
13.1.2.4.1 Right to win 269
13.1.2.4.2 Strategic choices 269
13.1.2.4.3 Weaknesses & competitive threats 269
13.1.3 XIAMEN KING LONG INTERNATIONAL TRADING CO., LTD. (KING LONG) 270
13.1.3.1 Business overview 270
13.1.3.2 Products/Solutions offered 271
13.1.3.3 Recent developments 273
13.1.3.4 MnM view 274
13.1.3.4.1 Right to win 274
13.1.3.4.2 Strategic choices 274
13.1.3.4.3 Weaknesses & competitive threats 274
13.1.4 SOLARIS BUS & COACH SP. Z O.O. 275
13.1.4.1 Business overview 275
13.1.4.2 Products/Services offered 276
13.1.4.3 Recent developments 276
13.1.4.4 MnM view 279
13.1.4.4.1 Right to win 279
13.1.4.4.2 Strategic choices 279
13.1.4.4.3 Weaknesses & competitive threats 279
13.1.5 HYUNDAI MOTOR COMPANY 280
13.1.5.1 Business overview 280
13.1.5.2 Products/Solutions offered 281
13.1.5.3 Recent developments 282
13.1.5.4 MnM view 283
13.1.5.4.1 Right to win 283
13.1.5.4.2 Strategic choices 283
13.1.5.4.3 Weaknesses & competitive threats 283
13.1.6 ANHUI ANKAI AUTOMOBILE CO., LTD 284
13.1.6.1 Business overview 284
13.1.6.2 Products/Solutions offered 285
13.1.6.3 Recent developments 286
13.1.7 NIKOLA CORPORATION 287
13.1.7.1 Business overview 287
13.1.7.2 Products/Solutions offered 288
13.1.7.3 Recent developments 289
13.1.8 TOYOTA MOTOR CORPORATION 291
13.1.8.1 Business overview 291
13.1.8.2 Products/Solutions offered 292
13.1.8.3 Recent developments 293
13.1.9 VDL GROEP 295
13.1.9.1 Business overview 295
13.1.9.2 Products/Solutions offered 296
13.1.9.3 Recent developments 297
13.1.10 NFI GROUP 299
13.1.10.1 Business overview 299
13.1.10.2 Products/Solutions offered 300
13.1.10.3 Recent developments 301
13.1.11 ZHONGTONG BUS HOLDING CO., LTD. 303
13.1.11.1 Business overview 303
13.1.11.2 Products/Solutions offered 304
13.1.11.3 Recent developments 305
13.1.12 DAIMLER TRUCK AG 306
13.1.12.1 Business overview 306
13.1.12.2 Products/Solutions offered 308
13.1.12.3 Recent developments 309
13.1.13 IVECO S.P.A 311
13.1.13.1 Business overview 311
13.1.13.2 Products/Solutions offered 312
13.1.13.3 Recent developments 313
13.2 OTHER PLAYERS 315
13.2.1 SAIC-IVECO HONGYAN COMMERCIAL VEHICLE CO., LTD. 315
13.2.2 SINOTRUK (CNHTC) 316
13.2.3 DAYUN AUTO 317
13.2.4 DONGFENG MOTOR COMPANY 318
13.2.5 ZHEJIANG GEELY HOLDING GROUP 319
13.2.6 CHARIOT MOTORS 320
13.2.7 OTOKAR 321
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13.2.8 KARSAN 322
13.2.9 RAMPINI CARLO S.P.A. 323
13.2.10 FIRST HYDROGEN 324
13.2.11 TEVVA 325
13.2.12 SANY GROUP 326
13.2.13 PACCAR INC. 327
13.2.14 WRIGHTBUS 328
13.2.15 HYZON 329
13.2.16 QINGLING ISUZU MOTORS IMPORT&EXPORT CO., LTD. 330
13.2.17 FAW JIEFANG AUTOMOTIVE CO., LTD. 331
13.2.18 AB VOLVO 332
14 RECOMMENDATIONS BY MARKETSANDMARKETS 333
14.1 URBAN TRANSIT HYDROGEN BUSES TO GAIN TRACTION IN EUROPE 333
14.2 HYDROGEN TRUCKS FOR LONG-HAUL TRANSPORTATION 333
14.2.1 POTENTIAL OF HYDROGEN FUEL CELL TRUCKS IN NORTH AMERICA 333
14.3 CHINA TO BE MOST LUCRATIVE HYDROGEN BUS & TRUCK MARKET IN SHORT TERM 334
14.4 CONCLUSION 334
15 APPENDIX 335
15.1 KEY INSIGHTS BY INDUSTRY EXPERTS 335
15.2 DISCUSSION GUIDE 335
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 338
15.4 CUSTOMIZATION OPTIONS 340
15.4.1 HYDROGEN BUS & TRUCK MARKET, BY VEHICLE CLASS AT REGIONAL LEVEL 340
15.4.2 HYDROGEN BUS & TRUCK MARKET, ADDITIONAL COUNTRIES (UP TO THREE) 340
15.4.3 PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO THREE) 340
15.5 RELATED REPORTS 340
15.6 AUTHOR DETAILS 341
TABLE 1 HYDROGEN BUS & TRUCK MARKET DEFINITION, BY MOTOR POWER 27
TABLE 2 HYDROGEN BUS & TRUCK MARKET DEFINITION, BY VEHICLE TYPE 28
TABLE 3 HYDROGEN BUS & TRUCK MARKET DEFINITION, BY RANGE 28
TABLE 4 HYDROGEN BUS & TRUCK MARKET DEFINITION, BY TYPE OF TANK 28
TABLE 5 HYDROGEN BUS & TRUCK MARKET DEFINITION, BY HYDROGEN TANK SIZE 29
TABLE 6 INCLUSIONS & EXCLUSIONS 30
TABLE 7 USD EXCHANGE RATES, 2019-2023 31
TABLE 8 FLEET PLANNING COMPARISON: ELECTRIC FLEET PLANNING VS. HYDROGEN FLEET PLANNING VS. ICE FLEET PLANNING 60
TABLE 9 COMPARISON OF TRUCKS: BEV, PHEV, FCEV, AND HEV CHARGING/REFUELING 61
TABLE 10 COMPARISON OF TRUCKS: FCEV HYDROGEN VS. BEV CHARGING/FUELING 62
TABLE 11 COMPARISON OF BUSES: FCEV HYDROGEN VS. BEV CHARGING/FUELING 62
TABLE 12 COMPARISON OF BUSES: FCEV HYDROGEN VS. BEV CHARGING/FUELING 68
TABLE 13 FCEV TRUCK COMPARISON 69
TABLE 14 FCEV BUS COMPARISON 69
TABLE 15 HYDROGEN BUS & TRUCK MARKET DYNAMICS: IMPACT ANALYSIS 76
TABLE 16 AVERAGE SELLING PRICES OF KEY PLAYERS FOR HYDROGEN BUSES,
2020-2023 (USD THOUSAND) 77
TABLE 17 AVERAGE SELLING PRICES OF KEY OEMS FOR HYDROGEN TRUCKS,
2020-2023 (USD THOUSAND) 78
TABLE 18 AVERAGE SELLING PRICES OF HYDROGEN BUSES,
BY REGION, 2020-2023 (USD THOUSAND) 79
TABLE 19 AVERAGE SELLING PRICES OF HYDROGEN TRUCKS,
BY REGION, 2020-2023 (USD THOUSAND) 80
TABLE 20 ROLE OF PLAYERS IN ECOSYSTEM 82
TABLE 21 FOTON INTERNATIONAL: FCEV STRATEGIES 88
TABLE 22 XIAMEN KING LONG INTERNATIONAL TRADING CO., LTD.: FCEV STRATEGIES 89
TABLE 23 YUTONG BUS CO., LTD.: FCEV STRATEGIES 90
TABLE 24 SOLARIS BUS & COACH SP. Z.O.O.: FCEV STRATEGIES 90
TABLE 25 HYUNDAI MOTOR COMPANY: FCEV STRATEGIES 92
TABLE 26 HYDROGEN BUS & TRUCK MARKET: BUSINESS MODELS 94
TABLE 27 US: FUEL CELL ELECTRIC BUS PROJECTS 97
TABLE 28 FUEL CELL BUS DEVELOPMENT AND DEPLOYMENT ANNOUNCEMENT 98
TABLE 29 HYDROGEN TRUCKS: EXISTING AND UPCOMING FCEV MODELS 101
TABLE 30 HYDROGEN BUSES: EXISTING AND UPCOMING FCEV MODELS 101
TABLE 31 EXISTING AND UPCOMING H2ICE MODELS 103
TABLE 32 EXPORT DATA FOR HS CODE: 8702, BY COUNTRY, 2020-2023 (USD MILLION) 104
TABLE 33 EXPORT DATA FOR HS CODE: 8703, BY COUNTRY, 2020-2023 (USD MILLION) 104
TABLE 34 IMPORT DATA FOR HS CODE: 8702, BY COUNTRY, 2020-2023 (USD MILLION) 105
TABLE 35 IMPORT DATA FOR HS CODE: 8703, BY COUNTRY, 2020-2023 (USD MILLION) 105
TABLE 36 BILL OF MATERIAL COMPARISON BETWEEN FCEV, ICE,
AND BEV BUSES (USD THOUSAND) 109
TABLE 37 BILL OF MATERIAL COMPARISON BETWEEN FCEV, ICE,
AND BEV TRUCKS (USD THOUSAND) 111
TABLE 38 LIST OF PATENTS GRANTED IN HYDROGEN BUS & TRUCK MARKET, 2021-2024 113
TABLE 39 NORTH AMERICA: POLICIES AND INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES AND INFRASTRUCTURE 115
TABLE 40 EUROPE: POLICIES AND INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES AND INFRASTRUCTURE 116
TABLE 41 ASIA PACIFIC: POLICIES AND INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES AND INFRASTRUCTURE 116
TABLE 42 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 117
TABLE 43 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 119
TABLE 44 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 120
TABLE 45 COMPARISON OF H2ICE AND FCEV 125
TABLE 46 LIST OF CONFERENCES & EVENTS, 2024-2025 128
TABLE 47 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF HYDROGEN BUSES
AND TRUCKS (%) 129
TABLE 48 KEY BUYING CRITERIA FOR HYDROGEN BUSES AND TRUCKS, BY VEHICLE TYPE 130
TABLE 49 LIST OF FUNDING MADE BY PLAYERS, 2021?2022 132
TABLE 50 HYDROGEN BUS & TRUCK MARKET, BY MOTOR POWER, 2020-2023 (UNITS) 135
TABLE 51 HYDROGEN BUS & TRUCK MARKET, BY MOTOR POWER, 2024-2030 (UNITS) 135
TABLE 52 HYDROGEN BUS & TRUCK MARKET, BY MOTOR POWER, 2031-2035 (UNITS) 135
TABLE 53 UP TO 200 KW: HYDROGEN BUS MODELS 136
TABLE 54 UP TO 200 KW: HYDROGEN TRUCK MODELS 136
TABLE 55 UP TO 200 KW: HYDROGEN BUS & TRUCK MARKET,
BY REGION, 2020-2023 (UNITS) 137
TABLE 56 UP TO 200 KW: HYDROGEN BUS & TRUCK MARKET,
BY REGION, 2024-2030 (UNITS) 137
TABLE 57 UP TO 200 KW: HYDROGEN BUS & TRUCK MARKET,
BY REGION, 2031-2035 (UNITS) 137
TABLE 58 200-400 KW: HYDROGEN BUS MODELS 138
TABLE 59 200-400 KW: HYDROGEN TRUCK MODELS 139
TABLE 60 200-400 KW: HYDROGEN BUS & TRUCK MARKET,
BY REGION, 2020-2023 (UNITS) 139
TABLE 61 200-400 KW: HYDROGEN BUS & TRUCK MARKET,
BY REGION, 2024-2030 (UNITS) 139
TABLE 62 200-400 KW: HYDROGEN BUS & TRUCK MARKET,
BY REGION, 2031-2035 (UNITS) 140
TABLE 63 ABOVE 400 KW: HYDROGEN BUS MODELS 140
TABLE 64 ABOVE 400 KW: HYDROGEN TRUCK MODELS 141
TABLE 65 ABOVE 400 KW: HYDROGEN BUS & TRUCK MARKET,
BY REGION, 2020-2023 (UNITS) 141
TABLE 66 ABOVE 400 KW: HYDROGEN BUS & TRUCK MARKET,
BY REGION, 2024-2030 (UNITS) 141
TABLE 67 ABOVE 400 KW: HYDROGEN BUS & TRUCK MARKET,
BY REGION, 2031-2035 (UNITS) 141
?
TABLE 68 HYDROGEN BUS & TRUCK MARKET, BY RANGE, 2020-2023 (UNITS) 144
TABLE 69 HYDROGEN BUS & TRUCK MARKET, BY RANGE, 2024-2030 (UNITS) 144
TABLE 70 HYDROGEN BUS & TRUCK MARKET, BY RANGE, 2031-2035 (UNITS) 145
TABLE 71 UP TO 300 MILES: HYDROGEN BUS MODELS 146
TABLE 72 UP TO 300 MILES: HYDROGEN TRUCK MODELS 146
TABLE 73 UP TO 300 MILES: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2020-2023 (UNITS) 147
TABLE 74 UP TO 300 MILES: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2024-2030 (UNITS) 147
TABLE 75 UP TO 300 MILES: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2031-2035 (UNITS) 147
TABLE 76 300-500 MILES: HYDROGEN BUS MODELS 148
TABLE 77 300-500 MILES: HYDROGEN TRUCK MODELS 149
TABLE 78 300-500 MILES: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2020-2023 (UNITS) 149
TABLE 79 300-500 MILES: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2024-2030 (UNITS) 149
TABLE 80 300-500 MILES: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2031-2035 (UNITS) 150
TABLE 81 ABOVE 500 MILES: HYDROGEN BUS MODELS 151
TABLE 82 ABOVE 500 MILES: HYDROGEN TRUCK MODELS 151
TABLE 83 ABOVE 500 MILES: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2020-2023 (UNITS) 151
TABLE 84 ABOVE 500 MILES: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2024-2030 (UNITS) 151
TABLE 85 ABOVE 500 MILES: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2031-2035 (UNITS) 152
TABLE 86 HYDROGEN BUS & TRUCK MARKET,
BY HYDROGEN TANK SIZE, 2020-2023 (UNITS) 155
TABLE 87 HYDROGEN BUS & TRUCK MARKET,
BY HYDROGEN TANK SIZE, 2024-2030 (UNITS) 155
TABLE 88 HYDROGEN BUS & TRUCK MARKET,
BY HYDROGEN TANK SIZE, 2031-2035 (UNITS) 156
TABLE 89 < 30 KG: HYDROGEN BUS AND TRUCK MODELS 156
TABLE 90 < 30 KG: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2020-2023 (UNITS) 157
TABLE 91 < 30 KG: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2024-2030 (UNITS) 157
TABLE 92 < 30 KG: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2031-2035 (UNITS) 157
TABLE 93 30-60 KG: HYDROGEN BUS AND TRUCK MODELS 158
TABLE 94 30-60 KG: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2020-2023 (UNITS) 159
TABLE 95 30-60 KG: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2024-2030 (UNITS) 159
TABLE 96 30-60 KG: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2031-2035 (UNITS) 159
TABLE 97 > 60 KG: HYDROGEN BUS AND TRUCK MODELS 160
TABLE 98 > 60 KG: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2020-2023 (UNITS) 160
TABLE 99 > 60 KG: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2024-2030 (UNITS) 161
TABLE 100 > 60 KG: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2031-2035 (UNITS) 161
?
TABLE 101 HYDROGEN TANK TYPE CLASSIFICATION FOR AUTOMOTIVE APPLICATION 163
TABLE 102 HYDROGEN BUS & TRUCK MARKET, BY TYPE OF TANK, 2020-2023 (UNITS) 164
TABLE 103 HYDROGEN BUS & TRUCK MARKET, BY TYPE OF TANK, 2024-2030 (UNITS) 164
TABLE 104 HYDROGEN BUS & TRUCK MARKET, BY TYPE OF TANK, 2031-2035 (UNITS) 165
TABLE 105 HYDROGEN BUSES WITH TYPE III HYDROGEN TANKS 166
TABLE 106 HYDROGEN TRUCKS WITH TYPE III HYDROGEN TANKS 166
TABLE 107 TYPE III: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2020-2023 (UNITS) 166
TABLE 108 TYPE III: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2024-2030 (UNITS) 166
TABLE 109 TYPE III: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2031-2035 (UNITS) 167
TABLE 110 HYDROGEN BUSES WITH TYPE IV HYDROGEN TANKS 168
TABLE 111 HYDROGEN TRUCKS WITH TYPE IV HYDROGEN TANKS 169
TABLE 112 TYPE IV: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2020-2023 (UNITS) 170
TABLE 113 TYPE IV: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2024-2030 (UNITS) 170
TABLE 114 TYPE IV: HYDROGEN BUS & TRUCK MARKET, BY REGION, 2031-2035 (UNITS) 170
TABLE 115 HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2020-2023 (USD MILLION) 173
TABLE 116 HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2024-2030 (USD MILLION) 174
TABLE 117 HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2031-2035 (USD MILLION) 174
TABLE 118 HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2020-2023 (UNITS) 174
TABLE 119 HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 174
TABLE 120 HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2031-2035 (UNITS) 174
TABLE 121 HYDROGEN BUSES MARKET, BY REGION, 2020-2023 (USD MILLION) 175
TABLE 122 HYDROGEN BUSES MARKET, BY REGION, 2024-2030 (USD MILLION) 175
TABLE 123 HYDROGEN BUSES MARKET, BY REGION, 2031-2035 (USD MILLION) 176
TABLE 124 HYDROGEN BUSES MARKET, BY REGION, 2020-2023 (UNITS) 176
TABLE 125 HYDROGEN BUSES MARKET, BY REGION, 2024-2030 (UNITS) 176
TABLE 126 HYDROGEN BUSES MARKET, BY REGION, 2031-2035 (UNITS) 176
TABLE 127 HYDROGEN MINIBUS/SHUTTLE MODELS 177
TABLE 128 HYDROGEN CITY/TRANSIT BUS MODELS 178
TABLE 129 CLASSIFICATION OF HYDROGEN TRUCKS BY GVW 179
TABLE 130 HYDROGEN TRUCKS MARKET, BY REGION, 2020-2023 (USD MILLION) 179
TABLE 131 HYDROGEN TRUCKS MARKET, BY REGION, 2024-2030 (USD MILLION) 180
TABLE 132 HYDROGEN TRUCKS MARKET, BY REGION, 2031-2035 (USD MILLION) 180
TABLE 133 HYDROGEN TRUCKS MARKET, BY REGION, 2020-2023 (UNITS) 180
TABLE 134 HYDROGEN TRUCKS MARKET, BY REGION, 2024-2030 (UNITS) 180
TABLE 135 HYDROGEN TRUCKS MARKET, BY REGION, 2031-2035 (UNITS) 181
TABLE 136 HYDROGEN MEDIUM-DUTY TRUCK MODELS 181
TABLE 137 HYDROGEN HEAVY-DUTY TRUCK MODELS 182
TABLE 138 HYDROGEN BUS & TRUCK MARKET, BY REGION, 2020-2023 (USD MILLION) 186
TABLE 139 HYDROGEN BUS & TRUCK MARKET, BY REGION, 2024-2030 (USD MILLION) 186
TABLE 140 HYDROGEN BUS & TRUCK MARKET, BY REGION, 2031-2035 (USD MILLION) 187
TABLE 141 HYDROGEN BUS & TRUCK MARKET, BY REGION, 2020-2023 (UNITS) 187
?
TABLE 142 HYDROGEN BUS & TRUCK MARKET, BY REGION, 2024-2030 (UNITS) 187
TABLE 143 HYDROGEN BUS & TRUCK MARKET, BY REGION, 2031-2035 (UNITS) 187
TABLE 144 INITIATIVES TAKEN BY MAJOR COUNTRIES TO PROMOTE USE OF HYDROGEN BUSES AND TRUCKS 188
TABLE 145 ASIA PACIFIC HYDROGEN BUS & TRUCK MARKET: UPCOMING PROJECTS 192
TABLE 146 ASIA PACIFIC: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2020-2023 (UNITS) 192
TABLE 147 ASIA PACIFIC: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2024-2030 (UNITS) 193
TABLE 148 ASIA PACIFIC: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2031-2035 (UNITS) 193
TABLE 149 CHINA: STRATEGIES TO PROMOTE PRODUCTION OF HYDROGEN-POWERED VEHICLES 198
TABLE 150 CHINA: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2020-2023 (UNITS) 198
TABLE 151 CHINA: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 199
TABLE 152 CHINA: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2031-2035 (UNITS) 199
TABLE 153 JAPAN: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2020-2023 (UNITS) 201
TABLE 154 JAPAN: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 201
TABLE 155 JAPAN: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2031-2035 (UNITS) 201
TABLE 156 SOUTH KOREA: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2020-2023 (UNITS) 203
TABLE 157 SOUTH KOREA: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2024-2030 (UNITS) 203
TABLE 158 SOUTH KOREA: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2031-2035 (UNITS) 203
TABLE 159 INDIA: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2020-2023 (UNITS) 204
TABLE 160 INDIA: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 204
TABLE 161 INDIA: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2031-2035 (UNITS) 204
TABLE 162 EUROPE: TARGETS, VISIONS, AND PROJECTIONS 207
TABLE 163 EUROPE: HYDROGEN BUS & TRUCK MARKET: ONGOING PROJECTS 208
TABLE 164 EUROPE: HYDROGEN BUS & TRUCK MARKET, BY COUNTRY, 2020-2023 (UNITS) 210
TABLE 165 EUROPE: HYDROGEN BUS & TRUCK MARKET, BY COUNTRY, 2024-2030 (UNITS) 210
TABLE 166 EUROPE: HYDROGEN BUS & TRUCK MARKET, BY COUNTRY, 2031-2035 (UNITS) 210
TABLE 167 FRANCE: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2020-2023 (UNITS) 214
TABLE 168 FRANCE: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2024-2030 (UNITS) 215
TABLE 169 FRANCE: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2031-2035 (UNITS) 215
TABLE 170 GERMANY: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2020-2023 (UNITS) 216
TABLE 171 GERMANY: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2024-2030 (UNITS) 216
TABLE 172 GERMANY: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2031-2035 (UNITS) 217
?
TABLE 173 ITALY: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2020-2023 (UNITS) 218
TABLE 174 ITALY: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 218
TABLE 175 ITALY: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2031-2035 (UNITS) 218
TABLE 176 SPAIN: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2020-2023 (UNITS) 219
TABLE 177 SPAIN: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 219
TABLE 178 SPAIN: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2031-2035 (UNITS) 220
TABLE 179 UK: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2020-2023 (UNITS) 221
TABLE 180 UK: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 221
TABLE 181 UK: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2031-2035 (UNITS) 221
TABLE 182 NORTH AMERICA: HYDROGEN BUS & TRUCK MARKET: UPCOMING PROJECTS 224
TABLE 183 NORTH AMERICA: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2020-2023 (UNITS) 224
TABLE 184 NORTH AMERICA: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2024-2030 (UNITS) 225
TABLE 185 NORTH AMERICA: HYDROGEN BUS & TRUCK MARKET,
BY COUNTRY, 2031-2035 (UNITS) 225
TABLE 186 CANADA: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2020-2023 (UNITS) 228
TABLE 187 CANADA: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2024-2030 (UNITS) 228
TABLE 188 CANADA: HYDROGEN BUS & TRUCK MARKET,
BY VEHICLE TYPE, 2031-2035 (UNITS) 229
TABLE 189 US: TARGETS, VISIONS, AND PROJECTIONS 230
TABLE 190 US: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2020-2023 (UNITS) 230
TABLE 191 US: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2024-2030 (UNITS) 230
TABLE 192 US: HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE, 2031-2035 (UNITS) 231
TABLE 193 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN HYDROGEN BUS & TRUCK MARKET 232
TABLE 194 MARKET SHARE ANALYSIS, 2023 234
TABLE 195 COMPANY REGIONAL FOOTPRINT 242
TABLE 196 COMPANY VEHICLE TYPE FOOTPRINT 242
TABLE 197 DETAILED LIST OF KEY STARTUPS/SMES 245
TABLE 198 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 245
TABLE 199 HYDROGEN BUS & TRUCK MARKET: PRODUCT LAUNCHES &
DEVELOPMENTS, 2021-2024 246
TABLE 200 HYDROGEN BUS & TRUCK MARKET: DEALS, 2021-2024 248
TABLE 201 HYDROGEN BUS & TRUCK MARKET: EXPANSION, 2021-2024 250
TABLE 202 HYDROGEN BUS & TRUCK MARKET: OTHER DEVELOPMENTS, 2021-2024 252
TABLE 203 FOTON INTERNATIONAL: COMPANY OVERVIEW 257
TABLE 204 FOTON INTERNATIONAL: PRODUCTS/SOLUTIONS OFFERED 258
TABLE 205 FOTON INTERNATIONAL: PRODUCT LAUNCHES & ENHANCEMENTS 260
TABLE 206 FOTON INTERNATIONAL: DEALS 261
TABLE 207 FOTON INTERNATIONAL: EXPANSION 262
TABLE 208 FOTON INTERNATIONAL: OTHER DEVELOPMENTS 262
?
TABLE 209 YUTONG BUS CO., LTD.: COMPANY OVERVIEW 265
TABLE 210 YUTONG BUS CO., LTD.: PRODUCTS/SOLUTIONS OFFERED 266
TABLE 211 YUTONG BUS CO., LTD.: PRODUCT LAUNCHES & ENHANCEMENTS 267
TABLE 212 YUTONG BUS CO., LTD.: DEALS 267
TABLE 213 YUTONG BUS CO., LTD.: EXPANSION 268
TABLE 214 YUTONG BUS CO., LTD.: OTHER DEVELOPMENTS 268
TABLE 215 XIAMEN KING LONG INTERNATIONAL TRADING CO., LTD.: COMPANY OVERVIEW 270
TABLE 216 XIAMEN KING LONG INTERNATIONAL TRADING CO., LTD.:
PRODUCTS/SOLUTIONS OFFERED 271
TABLE 217 XIAMEN KING LONG INTERNATIONAL TRADING CO., LTD.: DEALS 273
TABLE 218 XIAMEN KING LONG INTERNATIONAL TRADING CO., LTD.: OTHER DEVELOPMENTS 273
TABLE 219 SOLARIS BUS & COACH SP. Z O.O.: COMPANY OVERVIEW 275
TABLE 220 SOLARIS BUS & COACH SP. Z O.O.: PRODUCTS/SOLUTIONS OFFERED 276
TABLE 221 SOLARIS BUS & COACH SP. Z O.O.: PRODUCT LAUNCHES & ENHANCEMENTS 276
TABLE 222 SOLARIS BUS & COACH SP. Z O.O.: DEALS 276
TABLE 223 SOLARIS BUS & COACH SP. Z O.O.: OTHER DEVELOPMENTS 277
TABLE 224 HYUNDAI MOTOR CORPORATION: COMPANY OVERVIEW 280
TABLE 225 HYUNDAI MOTOR CORPORATION: PRODUCTS/SOLUTIONS OFFERED 281
TABLE 226 HYUNDAI MOTOR CORPORATION: DEALS 282
TABLE 227 HYUNDAI MOTOR CORPORATION: OTHER DEVELOPMENTS 282
TABLE 228 ANHUI ANKAI AUTOMOBILE CO., LTD: COMPANY OVERVIEW 284
TABLE 229 ANHUI ANKAI AUTOMOBILE CO., LTD: PRODUCTS/SOLUTIONS OFFERED 285
TABLE 230 ANHUI ANKAI AUTOMOBILE CO., LTD: PRODUCT LAUNCHES & ENHANCEMENTS 286
TABLE 231 ANHUI ANKAI AUTOMOBILE CO., LTD: OTHER DEVELOPMENTS 286
TABLE 232 NIKOLA CORPORATION: COMPANY OVERVIEW 287
TABLE 233 NIKOLA CORPORATION: PRODUCTS/SOLUTIONS OFFERED 288
TABLE 234 NIKOLA CORPORATION: PRODUCT LAUNCHES & ENHANCEMENTS 289
TABLE 235 NIKOLA CORPORATION: DEALS 289
TABLE 236 NIKOLA CORPORATION: EXPANSION 290
TABLE 237 NIKOLA CORPORATION: OTHER DEVELOPMENTS 290
TABLE 238 TOYOTA MOTOR CORPORATION: COMPANY OVERVIEW 291
TABLE 239 TOYOTA MOTOR CORPORATION: PRODUCTS/SOLUTIONS OFFERED 292
TABLE 240 TOYOTA MOTOR CORPORATION: DEALS 293
TABLE 241 TOYOTA MOTOR CORPORATION: OTHER DEVELOPMENTS 294
TABLE 242 VDL GROEP: COMPANY OVERVIEW 295
TABLE 243 VDL GROEP: PRODUCTS/SOLUTIONS OFFERED 296
TABLE 244 VDL GROEP: PRODUCT LAUNCHES & ENHANCEMENTS 297
TABLE 245 VDL GROEP: DEALS 297
TABLE 246 VDL GROEP: EXPANSION 298
TABLE 247 VDL GROEP: OTHER DEVELOPMENTS 298
TABLE 248 NFI GROUP: COMPANY OVERVIEW 299
TABLE 249 NFI GROUP: PRODUCTS/SOLUTIONS OFFERED 300
?
TABLE 250 NFI GROUP: PRODUCT LAUNCHES & DEVELOPMENTS 301
TABLE 251 NFI GROUP: DEALS 301
TABLE 252 NFI GROUP: OTHER DEVELOPMENTS 302
TABLE 253 ZHONGTONG BUS HOLDING CO., LTD.: COMPANY OVERVIEW 303
TABLE 254 ZHONGTONG BUS HOLDING CO., LTD.: PRODUCTS/SOLUTIONS OFFERED 304
TABLE 255 ZHONGTONG BUS HOLDING CO., LTD.: PRODUCT LAUNCHES & ENHANCEMENTS 305
TABLE 256 ZHONGTONG BUS HOLDING CO., LTD.: DEALS 305
TABLE 257 DAIMLER TRUCK AG: COMPANY OVERVIEW 306
TABLE 258 DAIMLER TRUCK AG: PRODUCTS/SOLUTIONS OFFERED 308
TABLE 259 DAIMLER TRUCK AG: PRODUCT LAUNCHES & ENHANCEMENTS 309
TABLE 260 DAIMLER TRUCK AG: DEALS 309
TABLE 261 DAIMLER TRUCK AG: EXPANSION 310
TABLE 262 DAIMLER TRUCK AG: OTHER DEVELOPMENTS 310
TABLE 263 IVECO S.P.A.: COMPANY OVERVIEW 311
TABLE 264 IVECO S.P.A.: PRODUCTS/SOLUTIONS OFFERED 312
TABLE 265 IVECO S.P.A.: DEALS 313
TABLE 266 IVECO S.P.A.: EXPANSION 313
TABLE 267 IVECO S.P.A.: OTHER DEVELOPMENTS 314
FIGURE 1 RESEARCH DESIGN 32
FIGURE 2 RESEARCH PROCESS FLOW 33
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,
AND REGION 37
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 39
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY FOR HYDROGEN BUS &
TRUCK MARKET: BOTTOM-UP APPROACH 40
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR HYDROGEN BUS &
TRUCK MARKET: TOP-DOWN APPROACH 41
FIGURE 7 HYDROGEN BUS & TRUCK MARKET: RESEARCH DESIGN & METHODOLOGY 41
FIGURE 8 DATA TRIANGULATION 42
FIGURE 9 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS 43
FIGURE 10 DEMAND AND SUPPLY-SIDE FACTOR ANALYSIS 44
FIGURE 11 REPORT SUMMARY 48
FIGURE 12 HYDROGEN BUS & TRUCK MARKET, BY REGION 49
FIGURE 13 HYDROGEN BUS & TRUCK MARKET, BY VEHICLE TYPE 50
FIGURE 14 HYDROGEN BUS & TRUCK MARKET, BY TYPE OF TANK 50
FIGURE 15 KEY PLAYERS IN HYDROGEN BUS & TRUCK MARKET 51
FIGURE 16 RISING ENVIRONMENTAL CONCERNS AND EXPANSION OF HYDROGEN INFRASTRUCTURE TO DRIVE GROWTH 52
FIGURE 17 HYDROGEN TRUCKS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 52
FIGURE 18 TYPE IV SEGMENT TO ACCOUNT FOR SIGNIFICANT SHARE BY 2035 53
FIGURE 19 30-60 KG SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 53
FIGURE 20 300-500 MILES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 54
FIGURE 21 200-400 KW SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2035 54
FIGURE 22 ASIA PACIFIC TO BE LARGEST MARKET IN 2024 55
FIGURE 23 WORKING PRINCIPLE OF HYDROGEN BUSES 56
FIGURE 24 COMPONENTS OF HYDROGEN TRUCKS 57
FIGURE 25 HYDROGEN BUS & TRUCK MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 59
FIGURE 26 FLEET DECARBONIZATION PROCESS 60
FIGURE 27 PACIFIC NORTHWEST HYDROGEN HUB LED BY GOVERNMENT INITIATIVES 65
FIGURE 28 DISPENSED COST BUILD-UP FOR FUTURE TRANSPORTATION FUEL TYPES 66
FIGURE 29 COMPARISON OF AUTOIGNITION TEMPERATURE OF VARIOUS FUEL TYPES 67
FIGURE 30 COMPARISON OF MINIMUM IGNITION ENERGY FOR VARIOUS FUEL TYPES 67
FIGURE 31 MOBILE HYDROGEN REFUELING STATION MODEL IN JAPAN 70
FIGURE 32 HYDROGEN PRODUCTION WITH INTEGRATION OF RENEWABLE ENERGY 71
FIGURE 33 HYDROGEN CORRIDORS PLANNED BY EHB 72
FIGURE 34 HYDROGEN CORRIDORS: INFRASTRUCTURE COMPANIES 73
FIGURE 35 HYDROGEN STORAGE AND TRANSPORTATION 75
FIGURE 36 AVERAGE SELLING PRICES OF KEY PLAYERS FOR HYDROGEN BUSES,
2020-2023 (USD THOUSAND) 77
FIGURE 37 AVERAGE SELLING PRICES OF KEY OEMS FOR HYDROGEN TRUCKS,
2020-2023 (USD THOUSAND) 78
FIGURE 38 HYDROGEN BUSES MARKET: AVERAGE SELLING PRICE TREND, BY REGION 79
FIGURE 39 HYDROGEN TRUCKS MARKET: AVERAGE SELLING PRICE TREND, BY REGION 80
FIGURE 40 ECOSYSTEM ANALYSIS 81
FIGURE 41 HYDROGEN BUS & TRUCK MARKET: VALUE CHAIN ANALYSIS 84
FIGURE 42 GLOBAL PUBLIC HYDROGEN REFUELING STATIONS: 2023 95
FIGURE 43 GLOBAL HYDROGEN PROJECTS: 2023 96
FIGURE 44 FUEL CELL BUSES IN OPERATION: 2023 97
FIGURE 45 HYDROGEN BUSES: FUEL CAPACITY VS. RANGE 99
FIGURE 46 HYDROGEN TRUCKS: FUEL CAPACITY VS. RANGE 100
FIGURE 47 TIMELINE OF H2ICE TECHNOLOGY, 2017?2030 102
FIGURE 48 BEV VS. FCEV TRUCKS: 10-YEAR TOTAL COST OF OWNERSHIP BREAKDOWN 106
FIGURE 49 BEV BUSES VS. FCEV BUSES: 10-YEAR TOTAL COST OF OWNERSHIP BREAKDOWN 107
FIGURE 50 BILL OF MATERIAL COMPARISON BETWEEN FCEV, ICE,
AND BEV BUSES (USD THOUSAND) 108
FIGURE 51 BILL OF MATERIAL COMPARISON BETWEEN FCEV, ICE,
AND BEV TRUCKS (USD THOUSAND) 110
FIGURE 52 NUMBER OF PATENTS GRANTED FOR HYDROGEN BUSES
AND TRUCKS, 2013-2024 112
FIGURE 53 TECHNOLOGY ROADMAP FOR FCEVS 121
FIGURE 54 WORKING OF DIRECT BOROHYDRIDE FUEL CELLS 123
FIGURE 55 TOYOTA'S NEW PACKAGED FUEL CELL SYSTEM MODULE 124
FIGURE 56 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF HYDROGEN BUSES
AND TRUCKS 129
FIGURE 57 KEY BUYING CRITERIA FOR HYDROGEN BUSES AND TRUCKS, BY VEHICLE TYPE 130
FIGURE 58 INVESTMENT & FUNDING SCENARIO, 2021?2024 131
FIGURE 59 200-400 KW SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 134
FIGURE 60 300-500 MILES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 144
FIGURE 61 30-60 KG SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 155
FIGURE 62 TYPE IV SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 164
FIGURE 63 HYDROGEN TRUCKS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 173
FIGURE 64 HYDROGEN BUS & TRUCK MARKET, BY REGION, 2024 VS. 2035 (USD MILLION) 186
FIGURE 65 ASIA PACIFIC: HYDROGEN BUS & TRUCK MARKET SNAPSHOT 191
FIGURE 66 ASIA PACIFIC: REAL GDP GROWTH RATE, BY COUNTRY, 2023-2025 194
FIGURE 67 ASIA PACIFIC: GDP PER CAPITA, BY COUNTRY, 2023-2025 194
FIGURE 68 ASIA PACIFIC: INFLATION RATE (CONSUMER PRICE INDEX),
BY COUNTRY, 2023-2025 195
FIGURE 69 ASIA PACIFIC: MANUFACTURING INDUSTRY'S CONTRIBUTION TO GDP,
2023 (USD TRILLION) 195
FIGURE 70 CHINA: ROADMAP AND STRATEGY FOR HYDROGEN-POWERED VEHICLES,
2020-2030 197
FIGURE 71 JAPAN: ROADMAP AND STRATEGY FOR HYDROGEN-POWERED VEHICLES,
2020-2030 200
FIGURE 72 SOUTH KOREA: ROADMAP AND STRATEGY FOR HYDROGEN GENERATION,
2020-2035 202
FIGURE 73 EUROPE: ROADMAP FOR HYDROGEN PRODUCTION 206
FIGURE 74 EUROPE: ROADMAP FOR HYDROGEN BUSES 207
FIGURE 75 EUROPE: HYDROGEN BUS & TRUCK MARKET, BY COUNTRY, 2024-2035 (UNITS) 208
FIGURE 76 EUROPE: REAL GDP GROWTH RATE, BY COUNTRY, 2023-2025 212
FIGURE 77 EUROPE: GDP PER CAPITA, BY COUNTRY, 2023-2025 212
FIGURE 78 EUROPE: INFLATION RATE (CONSUMER PRICE INDEX) BY COUNTRY, 2023-2025 213
FIGURE 79 EUROPE: MANUFACTURING INDUSTRY'S CONTRIBUTION TO GDP,
2023 (USD TRILLION) 213
FIGURE 80 UK: HYDROGEN NET ZERO INVESTMENT ROADMAP, 2021-2035 221
FIGURE 81 NORTH AMERICA: HYDROGEN BUS & TRUCK MARKET SNAPSHOT 223
FIGURE 82 NORTH AMERICA: REAL GDP GROWTH RATE, BY COUNTRY, 2023-2025 226
FIGURE 83 NORTH AMERICA: GDP PER CAPITA, BY COUNTRY, 2023-2025 226
FIGURE 84 NORTH AMERICA: INFLATION RATE (CONSUMER PRICE INDEX),
BY COUNTRY, 2023-2025 227
FIGURE 85 NORTH AMERICA: MANUFACTURING INDUSTRY'S CONTRIBUTION TO GDP,
2023 (USD TRILLION) 227
FIGURE 86 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022 234
FIGURE 87 REVENUE ANALYSIS OF KEY PLAYERS, 2019-2023 236
FIGURE 88 COMPANY VALUATION OF KEY PLAYERS 237
FIGURE 89 FINANCIAL METRICS OF KEY PLAYERS 237
FIGURE 90 BRAND/PRODUCT COMPARISON OF TOP FIVE PLAYERS 238
FIGURE 91 HYDROGEN BUS & TRUCK MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2023 240
FIGURE 92 HYDROGEN BUS & TRUCK MARKET: COMPANY FOOTPRINT, 2023 241
FIGURE 93 HYDROGEN BUS & TRUCK MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 244
FIGURE 94 FOTON INTERNATIONAL: COMPANY SNAPSHOT 258
FIGURE 95 YUTONG BUS CO., LTD.: COMPANY SNAPSHOT 266
FIGURE 96 XIAMEN KING LONG INTERNATIONAL TRADING CO., LTD.: COMPANY SNAPSHOT 271
FIGURE 97 SOLARIS BUS & COACH SP. Z O.O.: COMPANY SNAPSHOT 275
FIGURE 98 HYUNDAI MOTOR CORPORATION: COMPANY SNAPSHOT (2023) 281
FIGURE 99 ANHUI ANKAI AUTOMOBILE CO., LTD: COMPANY SNAPSHOT 284
FIGURE 100 NIKOLA CORPORATION: COMPANY SNAPSHOT 288
FIGURE 101 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT 292
FIGURE 102 VDL GROEP: COMPANY SNAPSHOT 296
FIGURE 103 NFI GROUP: COMPANY SNAPSHOT 300
FIGURE 104 ZHONGTONG BUS HOLDING CO., LTD.: COMPANY SNAPSHOT 304
FIGURE 105 DAIMLER TRUCK AG: COMPANY SNAPSHOT 307
FIGURE 106 IVECO S.P.A.: COMPANY SNAPSHOT 312
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