Hyundai Motor moves to popularize hydrogen-fueled vehicles, increasing production and strengthening cooperation with overseas companies - South Korea

Hyundai Motor is expanding its production scale by releasing new vehicles, mainly commercial vehicles such as trucks and buses. On May 20 (local time), at a commercial vehicle exhibition held in Las Vegas, the US,
The company will participate in the ACT Expo 2024, an international trade fair, where it will unveil a concept model of a hydrogen-electric truck developed for commercialization. It will also increase the annual production capacity of hydrogen buses produced at its Jeonju plant by 50
The company has expanded its hydrogen fuel cell system brand, HTWO, to the brand of Hyundai Motor Group's hydrogen value chain business.
In addition, the company is ramping up its logistics and transportation business in North America to expand its hydrogen commercial vehicle business. The company plans to expand its market through cooperation with overseas partners.
The chairman met with UAE President Mohammed bin Zayed Al Nahyan and announced the hydrogen and other business agreements concluded with the UAE's sovereign wealth fund in December 2023.
The two sides held talks on a memorandum of understanding (MOU) for cooperation in the hydrogen fuel vehicle field. An industry source said, "The first thing that needs to be resolved for hydrogen fuel vehicles is the issue of infrastructure construction. While securing a charging infrastructure network,
"As we develop fuel cell technology and other technologies, it makes sense to make commercial vehicles that use hydrogen the core of our business."