Several significant developments are shaping the green hydrogen landscape. Four Chinese ministries have jointly issued a guidance document to accelerate the large-scale application of hydrogen vehicles, with a target of incorporating 5,000 hydrogen vehicles by 2025 and increased subsidies for hydrogen refueling station construction. The EU's decision to include hydrogen energy in its carbon border adjustment mechanism is spurring green hydrogen demand and prompting companies to establish green hydrogen supply chains in the EU market. On the corporate front, LONGi Hydrogen has secured a massive electrolyzer order in the Middle East, marking a milestone in green hydrogen project development. Sinopec is planning to build an extensive 'Hydrogen Highway' network in China, focusing on highway service areas and heavy truck transportation. Technological advancements include the development of a new AEM electrolyzer technology achieving over 80% efficiency and solid-state hydrogen storage devices with significant cost reductions compared to liquid hydrogen. Industry collaboration is evident in the launch of wind-solar-hydrogen integration projects in Inner Mongolia and Gansu, as well as the establishment of an international hydrogen energy innovation center in Shanghai, focusing on hydrogen fuel cell standardization and green hydrogen trade mechanisms among China, Japan, and South Korea.