Hyundai Motor Group is going all-in on hydrogen fuel cells with a $6.7 billion investment that will see the company produce 700,000 fuel-cell systems annually by 2030. Of those, 500,000 a year will be destined for passenger and commercial vehicles under the Hyundai and Kia car brands.
“We are confident that hydrogen power will transcend the transportation sector and become a leading global economic success,” said Euisun Chung, executive vice chairman of Hyundai Motor Group. Hyundai’s “FCEV Vision 2030” plan includes the opening of a new hydrogen fuel-cell plant in Chungju, South Korea.
Read the article at MSN.