China is shifting its hydrogen industry from demonstration projects toward industrialization, expanding beyond fuel cell vehicles into chemicals, steel, power generation and other sectors. Its fuel cell truck fleet surpassed 15,000 units in 2024, while alkaline electrolysis accounts for more than 92% of the country’s electrolyzer equipment market. China is also developing large green hydrogen projects supported by renewable energy and aims to reduce the average end-user hydrogen price below 25 yuan, approximately $3.7, per kilogram by 2030. South Korea retains advantages in hydrogen passenger vehicles and fuel cell technology, but Hyundai Motor Group and other participants said policy continuity, investment and broader ecosystems are needed. The Korea Hydrogen Alliance’s 2026 Korea-China Hydrogen Policy Forum brought about 200 representatives together in Seoul to discuss cooperation in commercial mobility, electrolyzers, green ammonia and methanol, refueling infrastructure, standards and joint demonstrations. Participants said both countries could combine China’s market and production scale with South Korea’s mobility, materials, shipbuilding and manufacturing capabilities to develop a Northeast Asian hydrogen value chain.