System and cell stack are the primary targets for merger and acquisition investment within China's hydrogen energy industry. In 2023, this subsector completed ** deals, benefitting from enhanced segmentation of downstream applications.
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PwC. (April 22, 2024). Number of merger and acquisition deals of the hydrogen industry in China in 2023 [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 28, 2026, from /statistics/1464437/china-volume-of-manda-transactions-in-the-hydrogen-sector/
PwC. "Number of merger and acquisition deals of the hydrogen industry in China in 2023." Chart. April 22, 2024. ÌÇÐÄÆÆ½â°æ. Accessed July 28, 2026. /statistics/1464437/china-volume-of-manda-transactions-in-the-hydrogen-sector/
PwC. (2024). Number of merger and acquisition deals of the hydrogen industry in China in 2023. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 28, 2026. /statistics/1464437/china-volume-of-manda-transactions-in-the-hydrogen-sector/
PwC. "Number of Merger and Acquisition Deals of The Hydrogen Industry in China in 2023." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 22 Apr 2024, /statistics/1464437/china-volume-of-manda-transactions-in-the-hydrogen-sector/
PwC, Number of merger and acquisition deals of the hydrogen industry in China in 2023 ÌÇÐÄÆÆ½â°æ, /statistics/1464437/china-volume-of-manda-transactions-in-the-hydrogen-sector/ (last visited July 28, 2026)
Number of merger and acquisition deals of the hydrogen industry in China in 2023 [Graph], PwC, April 22, 2024. [Online]. Available: /statistics/1464437/china-volume-of-manda-transactions-in-the-hydrogen-sector/