| Cost Segment | Technology Pathway/Sub-item | Cost Range (CNY) | Primary Data Source & Notes |
| Hydrogen Production Cost | Coal-based Hydrogen (Gray) | 10 - 15/kg | IEA (2023). The Future of Hydrogen, Table 4.2. China-specific cost range. |
| Natural Gas-based Hydrogen (Gray) | 12 - 20/kg | China Hydrogen Alliance (2022). White Paper on China’s Hydrogen and Fuel Cell Industry. | |
| Industrial By-Product H2 (Purified) | 8 - 15/kg | BNEF (2024). Hydrogen Market Outlook: 1H 2024. Assumes proximity to offtake. | |
| Alkaline Water Electrolysis (Green) | 20 - 35/kg | IEA (2024). Global Hydrogen Review 2024, Fig. 1.14. Assumes renewable electricity at 0.2-0.3 CNY/kWh. | |
| PEM Water Electrolysis (Green) | 30 - 50/kg | Same as above. Higher capex leads to increased cost. | |
| Storage & Transportation Cost | High-Pressure Gaseous Transport | 1.5 - 3.0/kg・100km | IRENA (2022). Geopolitics of the Energy Transformation, p.87. For 20 MPa tube trailer. |
| Liquid Hydrogen Transport | 4 - 8/kg・100km | U.S. DOE (2022). Hydrogen Shot Technology Assessment. For distances >500km. | |
| Pipeline Transmission (Repurposed/New) | 0.3 - 1.0/kg・100km | Hydrogen Council (2021). Hydrogen Insights 2021. Highly scale-dependent. | |
| Refueling Cost | Station Construction (500kg/day) | 8 - 15 million /station | China Hydrogen Alliance (2022) White Paper. Excludes land cost. |
| Station Operation & Maintenance | 5 - 10/kg dispensed | Industry expert estimates compiled by BNEF. | |
| Terminal H2 Selling Price (Station) | 30 - 70/kg | Derived from production, distribution, and station OPEX plus margin. Highly policy-dependent. | |
| Vehicle Purchase Cost | Fuel Cell System | ~3000 - 4500 /kW | U.S. DOE (2023). Hydrogen Program Record 23011. High-volume projection for 2025. |
| 49-ton Fuel Cell Heavy-Duty Truck | ~1.5 - 2.0 million /vehicle | Author’s model based on component cost breakdown from Table 3. |