Posted inChinaEuropean UnionNortheast AsiaSouth KoreaWorld

Hyundai bets big on hydrogen fuel cell electric vehicles

Hyundai Motor Group announced Tuesday that it would invest US$6.7 billion in hydrogen fuel-cell electric vehicle (FCEV) production facilities in a bid to seize the first-mover advantage in the sector. The group, which encompasses South Korea’s two biggest carmakers, Hyundai Motor and Kia Motors, plans to create production capacity of 500,000 FCEVs annually through 2030, […]