企业家学者项目（DBA）整合全球优质教育资源，打造极具前沿性和系统性课程，在框架模块、聚焦模块、专题研究+实践课堂这三大核心课程中，涵盖2大金融主题与4大微观主题，探索6大宏观方向，定制化行业专题，走访行业内领军企业。俞信华同学正是在理论与实践的碰撞中，收获了应对新商业文明下新问题与新挑战的能力。“理解 - 判断 - 实践 - 引领”的DBA学习之旅，让他在企业家学者项目中历经了新商业文明的一次次洗礼，完成了跨越式的思想“突围”。 

本次论文答辩，来自长江商学院和新加坡管理大学（SMU）的教授们共同见证了俞信华同学的学术成果。

Qiang CHENG 

Lee Kong Chian Chair Professor of Accounting,SMU

Jing LIU

Professor of Accounting and Finance,CKGSB

Yangfang ZHOU

Associate Professor of Operations Management, SMU

俞信华 | 中国氢燃料电池汽车产业创新发展研究

俞信华同学答辩中

▇ 论文摘要：

随着我国“碳达峰、碳中和”目标的设立，由传统能源向可再生能源转型成为必然趋势。锂离子电池由于技术成熟度、经济性和安全性较高，在乘用车领域得到快速应用。

然而，基于能源多元化和ESG层面的重大战略意义考量，以及锂离子电池自身材料体系在低温性能、能量密度和充放电倍率上的限制，使得氢燃料电池有机会在特定场景和锂离子电池形成共生，从而充分发挥两种体系的技术和成本优势。

过去国内外对于氢能产业链的研究并没有很好的将氢燃料电池技术发展、降本路径、中国能源资源禀赋和相关产业政策等以系统性思维的视角做综合分析。本论文通过梳理和参考锂离子电池的发展路径，对比其和氢燃料电池的优劣势，并基于IDG所投资的氢能相关企业和其他实际应用案例，全面分析中国氢燃料电池在汽车产业的发展。同时，通过建立详细的数理模型，测算氢能产业链的降本路线，推断氢燃料电池在汽车交通领域大规模应用的可能性和时间节点。

本论文更新了中国氢燃料电池在汽车交通领域商业化研究的认知，对我国氢能产业链发展和投资机构在氢能领域布局决策均起到极大的推动及参考意义。

答辩现场

▇ ABSTRACT：

With the establishment of the goal of "carbon peak and carbon neutralization" in China, the transformation from traditional energy to renewable energy has become an inevitable trend. Because of lithium-ion battery has higher technological maturity, better economy and safety, it is applied in the field of automobile transportation rapidly.

俞信华同学在长江DBA活动上

However, based on the strategic considerations of energy diversification and ESG, as well as the limitations of lithium-ion battery material system in low temperature performance, energy density and charge-discharge rate, hydrogen fuel cell has the opportunity to form symbiosis with lithium-ion battery in specific scenarios, thus giving full play to the technical and cost advantages of the two systems.

At present, there is no comprehensive analysis of hydrogen fuel cell technology development, cost reduction path, China's energy and resources endowment and related industrial policies from the perspective of systematic thinking in the research of hydrogen value chain at home and abroad. By combing and referring to the development path of lithium-ion battery, the thesis compares the advantages and disadvantages of lithium-ion battery and hydrogen fuel cell, and based on the cases of hydrogen related enterprises invested by IDG and other use cases, comprehensively analyzes the development of hydrogen fuel cell in automobile industry in China. By establishing a detailed mathematical model to calculate the cost reduction path of the hydrogen value chain, we can infer the possibility and timeline of outbreak of the large-scale application of hydrogen fuel cell in the field of automobile transportation.

The thesis updates understanding of the commercialization of hydrogen fuel cell in the field of automobile transportation in China, which plays a great promotion and reference significance to the development of hydrogen value chain and the layout decision of investment companies in the field of hydrogen energy.

合影

论文答辩圆满结束，但作为终身学习者，这是俞信华同学的又一个起点。未来，他将带着对中西方管理学理论的认知与思考，继续践行新商业文明；用独到的洞见不断为中国经济注入新动力，引领行业的发展方向。