HK Stock Market Move | REFIRE (02570) rose more than 4% in the afternoon, with increased certainty in the volume of fuel cell vehicles. The company is a leader in fuel cell technology.

REFIRE (02570) rose more than 4% in the afternoon, as of the time of writing, it has risen by 3.36%, to HK$69.15, with a turnover of HK$66.36 million. CICC stated that fuel cells are in a phase of rapid technological progress and cost reduction, and it is expected that the total lifecycle cost of fuel cell heavy-duty trucks will gradually become cost competitive after 2028. As a leader in fuel cell technology, REFIRE is expanding its market applications in heavy-duty trucks and off-grid supercharging stations, with great potential for long-term development. Potential catalysts include: the government implementing policies to support hydrogen energy, and a significant increase in sales volume in the fuel cell industry. Sinolink released a research report stating that large-scale hydrogen supply has begun at the upstream hydrogen production end, with an increase in hydrogen refueling stations and gradual improvement in the industrial chain. In addition, the continuous implementation of targeted policies will accelerate the process, and the exemption of highway tolls will also accelerate the application and economic feasibility of fuel cell heavy-duty trucks, bringing about an increase in the certainty of sales of fuel cell vehicles, driving the sector's prosperity, and all major fuel cell companies are listed, beginning to form a sector effect.