Hyundai Motor Group presents its vision to popularize Hydrogen by 2040 at Hydrogen Wave Forum
· Hyundai Motor Group (the Group) announces Hydrogen Vision 2040, to popularize hydrogen by 2040 for ‘Everyone, Everything and Everywhere’ at Hydrogen Wave · Hydrogen Wave represents the Group’s plans for a new ‘wave’ of hydrogen-based products and technologies toward a hydrogen society · The Group to introduce next- generation fuel cell system – 100kW and 200kW variations – in 2023 with costs being lowered by more than 50%, total package volume reduced by 30% and power output doubled · The Group to become the first automaker to apply fuel cell systems to all commercial vehicle
· 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