Plug Power CEO More Optimistic About Easing of Trade Tensions

The video discusses the impact of the US-China trade war on global supply chains and costs, highlighting the company's strategies to mitigate these effects. It explores the expansion into the Chinese market, focusing on joint ventures in the auto and trucking sectors. The video also addresses competition with larger industry players, emphasizing the advantages of fuel cells in electric vehicles for heavy-duty applications.

What strategy has the company employed to manage costs amid the trade war?

• Expanding into new markets

• Reducing workforce

• Diversifying supplier base

• Increasing product prices

What is the company's achievement in hydrogen technology?

• Built over 70 hydrogen stations

• Partnered with Tesla

• Invented a new battery type

• Developed the first electric car

In which market is the company seeking a joint venture partner?

• Japan

• Germany

• United States

• China

What is a key advantage of fuel cells over batteries for heavy assets?

• Higher energy density

• Lower cost

• Faster production

• Easier maintenance

How does the company plan to compete with larger players in the fuel cell industry?

• By reducing prices significantly

• By focusing on heavy asset applications

• By acquiring smaller companies

• By increasing marketing efforts