HK Stock Movement | REFIRE (02570) Rises Over 4% in Afternoon Session as Fuel Cell Vehicle Sales Gain Momentum

Stock News12-18

REFIRE (02570) surged more than 4% in the afternoon session, trading at HK$69.15, up 3.36% as of press time, with a turnover of HK$66.36 million. Analysts noted that fuel cell technology is undergoing rapid advancements and cost reductions, with projections indicating that fuel cell-powered heavy trucks could achieve cost parity in their lifecycle by 2028. As a leading player in the fuel cell sector, REFIRE is expanding into commercial applications such as heavy trucks and off-grid ultra-fast charging stations, positioning itself for significant long-term growth potential.

Potential catalysts include supportive national policies for hydrogen energy and increased sales in the fuel cell industry. Reports suggest that upstream hydrogen production is scaling up, hydrogen refueling stations are increasing, and the supply chain is gradually maturing. Furthermore, targeted policies—such as exemptions from highway tolls—are expected to accelerate the adoption and economic viability of fuel cell-powered heavy trucks, reinforcing the growth outlook for fuel cell vehicles. This trend is likely to drive a sector-wide recovery, with major fuel cell companies now publicly listed, fostering a stronger industry ecosystem.

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