Lei Zhang

It's the most difficult car to obey segment.

The green hydrogen is going to be used to make green steel, to make natural chemicals, to make green aviation and shipping.

So what's about today?

Just right in the heart of the Gobi Desert, the first natural industrial park has been built.

It is totally off-grid, 100 percent by renewable energy.

It is making a state-of-the-art battery.

But most importantly, it is the lowest cost

of battery among our envisioning production base.

Why?

Because there's tremendous, free, abundant renewable energy.

And we are also building in the desert the largest green hydrogen project in the world.

1.5 million tons of green hydrogen and green ammonia.

The first phase, 300,000 tons, is commissioning now.

We are not supposed to build the largest.

Our goal is to make it the cheapest, to make green hydrogen as cheap as green.

Why is the cost so vital?

Because history told us

This 100 times energy growth is a result of cost reductions.

In order to unlock these tremendous renewables, we have to make renewable energy much lower than fossil fuel.

There are two forms of energy.