Hyundai investes $ 9.3 bln in the development of hydrogen fuel
Hyundai Motor Group, together with its suppliers, plans to spend $ 7.6 trillion ($
9.3 billion) on the development and modernization of the production
of hydrogen fuel cells.
As part of its FCEV Vision 2030, announced overnight, the company intends to build
700,000 fuel cell systems per year by 2030.
About 500,000 of them will be used in passenger and commercial vehicles on fuel cells,
and the rest in electric generators and other modes of transport,
including drones, boats, trains and forklifts.
"We will expand our role outside the automotive transport sector and play a
key role in the transition of global society to clean energy, helping
to make hydrogen an economically viable source of energy."
Dec. 11, 2018