Guojin Securities: Insurance volume for fuel cell vehicles in June rises, electrolytic tank monthly tender sees significant increase.

Guojin Securities released a research report stating that in June, the installed capacity of fuel cell systems reached 132.98 MW, a year-on-year increase of 185.4%. The bidding volume for electrolyzers in June increased significantly, with the general bidding time being later than 1-2 months after the bidding, and it is expected that there will be a large-scale opening of bids for electrolyzers in the future, which will bring corresponding winning orders to related electrolyzer companies. 2025 is the settlement point for the medium and long-term planning of hydrogen energy. The hydrogen energy and fuel cell industry will enter a period of rapid expansion, and the landing of fuel cell vehicles and green hydrogen projects will accelerate. The bank believes that hydrogen energy and fuel cell manufacturing are currently the two main themes.