Tuesday 12 April 2022

Hyundai Motor To Produce Hydrogen Commercial Cars In China - UrduPoint

Hyundai Motor To Produce Hydrogen Commercial Cars In China - UrduPoint

Sichuan Hyundai Motor Co., a 50:50 joint venture set up between Hyundai Motor and Sichuan Nanjun Automobile Group Co. in 2012, is expected to be in charge of the hydrogen commercial car production.

Hyundai produces 1.05 million vehicles, in China, the world's biggest automobile market, out of its overall vehicle production of 3.74 million units.

Meanwhile, Hyundai aims to sell 10,100 Nexo hydrogen passenger cars mainly to public organizations and companies this year, sharply up from 4,194 units it sold last year.

To take the lead in the hydrogen vehicle marketHyundai announced in late 2018 its plan to invest 7.6 trillion won for partnerships with auto parts companies, research and development activities and facility expansion by 2030.

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