Hyundai's Expansion into Hydrogen Commercial Vehicles in South Korea
Key Ideas
- Hyundai Motor plans to establish a production hub for hydrogen trucks and buses at its Jeonju facility in South Korea to leverage its experience in hydrogen fuel cell technology.
- The company aims to lead in the global market for hydrogen-powered commercial vehicles and stay ahead of competition, particularly from Chinese and European manufacturers.
- Hyundai has already introduced hydrogen fuel cell heavy trucks in Switzerland and is set to launch a new range of hydrogen trucks in the US with advanced technology for increased efficiency and range.
- The Jeonju plant, known for its high-tech manufacturing capabilities, will see an expansion to accommodate the production of hydrogen trucks and buses alongside conventional vehicles.
Hyundai Motor is making strategic moves to establish itself as a key player in the market for hydrogen-powered commercial vehicles. To achieve this, the company plans to set up a production hub dedicated to hydrogen trucks and buses at its Jeonju commercial vehicle facility in South Korea. By capitalizing on its expertise in hydrogen fuel cell technology, Hyundai aims to gain a competitive edge over global rivals, especially from China and Europe, in the zero-emissions commercial vehicle sector. The automaker has already introduced hydrogen fuel cell heavy trucks in Switzerland and is now gearing up to launch a new line of hydrogen trucks in the US, featuring advanced specifications such as twin 180 kilowatt (kW) hydrogen fuel cell stacks and 350kW drive motors with a range of 400km. Additionally, Hyundai plans to introduce hydrogen buses in the near future. The Jeonju plant, characterized by its state-of-the-art production equipment, is currently operating below full capacity due to intense global competition. Despite this, the plant manufactures a range of vehicles, including conventional trucks and buses, the Staria minibus, and battery-powered versions of the County medium bus and the Porter EV light truck. Hyundai's expansion into hydrogen commercial vehicles signals a significant step towards sustainable transportation and reinforces its commitment to innovation in the automotive industry.