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  "documentTitle": "Ballard Power Systems (BLDP)",
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  "authorName": "Ben Axler",
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      "text": "An Employee of Foshan Feichi claims that less than 50 fuel cell buses have likely been produced to date",
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      "text": "We believe that a new production facility for hydrogen FCV delivery vehicles, likely operated by Dongfeng, will be announced shortly. Spruce Point believes Dongfeng is still evaluating if it will produce FCV at an existing facility, in Yunfu or in another region. Investigators were told the cost to produce a FC logistics truck is RMB 1 million. The local and central subsidy amounts to RMB 1 million there will be no cost. The local subsidy is paid to the producer and would be RMB700,000/truck. The central subsidy is paid to the purchaser after the vehicle has traveled 30,000 km.",
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      "text": "An Employee of Foshan Feichi claims that less than 50 fuel cell buses have likely been produced to date. Investigators were taken on a tour of the Foshan Feichi bus manufacturing facility, that was relocated from Foshan in 2015, and now produces hydrogen fuel cell buses. The factory was only producing pure electric buses for Foton when visited. Investigators were told on the tour that Feichi had produced 114 fuel cell buses but they were \"offsite being painted\". An employee of the bus company later stated that he believed they had produced less than 50 fuel cell buses to date, of which 11 have license plates. We believe 28 of those buses were the 11-metre buses.",
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      "text": "There is currently a single refueling station with an idle mobile hydrogen production unit. Investigators visited the refueling station and were told the equipment was imported and the total cost of the refueling station was RMB 10 million. A mobile hydrogen production unit was sitting idle at the refueling station. It was unable to be put into operation as regulations require that it have the infrastructure and operation procedures of a chemical plant. The cost of hydrogen at this facility was RMB35/kg and 75 – 80% of that cost was transport. Investigators were told that the local government is building 5 refueling stations in Yunfu and has planned a further 20.",
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      "text": "Key Takeaways from Investigators Visit to Yunfu Technology Park Visit",
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