China is further along the road to adopting hydrogen as a potentially green transport fuel than most of its peers. Investors don’t need to buy Chinese stocks to gain exposure.
While the rise and fall of U.S. hydrogen-truck startup Nikola has transfixed Wall Street, China has sharpened its own ambitions to industrialize electric big rigs powered by hydrogen fuel cells. Last month, Beijing promised to spend $2.5 billion in 10 cities over the next four years to improve the technology, demonstrate projects, scale up operations...