Hyundai Motor to Establish ‘Hydrogen Energy Fund’ with Top Chinese R&D Institute BTIRDI
· Hyundai and BTIRDI sign MOU to establish Hydrogen Energy Fund · Fund aims to foster growth of startups with innovative hydrogen technologies · Fund aims to raise a total of USD 100 million · Cooperation to lay strong foundation for Hyundai to start FCEV business in ChinaHyundai Motor has entered into a memorandum of understanding (MOU) with Beijing-Tsinghua Industrial R&D Institute (BTIRDI) to jointly establish a ‘Hydrogen Energy Fund’. Under this agreement, the South Korean automaker and its Chinese counterpart expect to strengthen their influence in the hydrogen ecosystem