Hyundai Motor Group to increase annual production capacity for fuel cell systems

Posted by MarketsandMarkets on Dec 14, 2018 1:16:02 PM

Recently, Hyundai Motor Group announced “FCEV Vision 2030” plan to extend its support for the development of a hydrogen society. As part of the plan, Hyundai and Kia would increase their annual production capacity for fuel cell systems from 3,000 units at present to 700,000 units by 2030. The increased production would include 500,000 units for passenger cars and commercial vehicles, while the remaining 200,000 units are planned for other applications. The automaker also plans to supply its fuel cell systems to manufacturers of automobiles, drones, vessels, rolling stocks, and forklifts.  

Read More

Topics: Automotive and Transportation, Automotive Fuel Cell, Automotive Fuel Cell Market

Recent Posts

Subscribe Here!

Posts by Tag

See all