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Chinese automakers announce targets to raise hydrogen vehicle sales
By Yilei Sun and Brenda Goh BEIJING (Reuters) – Chinese automakers have announced plans to increase sales of hydrogen fuel cell vehicles, a niche segment in the world’s biggest auto market, and the government is expected to announce supportive new policies, possibly as early as this month . SAIC Motor <600104.SS>, China’s biggest automaker which has partnerships with Volkswagen AG <VOWG_p.DE> and General Motors Co <GM.N>, said on Sunday it plans to sell over 10,000 hydrogen fuel cell vehicles by 2025. Commercial vehicle maker Beiqi Foton Motor <600166.SS>, a BAIC’s unit, said last week it aims to sell 4,000 hydrogen vehicles by 2023, and 15,000 such vehicles by 2025. The…