Thursday, 5 May 2022

Korean Business Groups Betting on Hydrogen - Businesskorea

Korean Business Groups Betting on Hydrogen - Businesskorea

Hyundai Motor Co. plans to boost its hydrogen car production capacity to 500,000 units per year by 2030 by investing a total of 7.6 trillion won. In addition, Hyundai Mobis, which makes hydrogen fuel cells, the core of hydrogen cars, will have an annual production capacity of 40,000 units by 2022, while Hyundai Steel will expand its hydrogen production capacity 10-fold from now. Hyundai Rotem will begin to produce hydrogen trams and invest in building a hydrogen charging station network.



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