Hyundai FCEV Vision 2030 $6.7Bn12 Dec 2018 06:00
CEV Vision 2030’ highlights Hyundai Motor Group (HMG)’s commitment to accelerate the development of a hydrogen society
HMG to expand its leadership in hydrogen technology beyond transportation sector
HMG to explore new businesses to supply fuel-cell systems to manufacturers of automobiles, drones, vessels, rolling stocks, forklifts and power generators
HMG aims to produce 700,000 fuel-cell systems annually by 2030 including 500,000 units for FCEVs
Under ‘FCEV Vision 2030’, HMG along with suppliers will invest KRW 7.6 trillion won by 2030, creating 51,000 jobs in the process
Korea, 11 December 2018 - Hyundai Motor Group, which includes automotive brands Hyundai Motor Company and Kia Motors Corporation, today announced its long-term roadmap ‘FCEV Vision 2030’ plan.
Hyundai Motor Group, which includes automotive brands Hyundai Motor Company and Kia Motors Corporation, today announced its long-term roadmap ‘FCEV Vision 2030’ plan, as the group reaffirms its commitment to accelerate the development of a hydrogen society by leveraging the group’s global leadership in fuel-cell technologies.
Aligned with the roadmap, Hyundai Motor Group (The Group) will drastically boost its annual fuel-cell systems production capacity to 700,000 units by 2030 and explore new business opportunities to supply its world-class fuel-cell systems to other transportation manufacturers of automobiles, drones, vessels, rolling stocks and forklifts. The demand for fuel-cell systems from sectors beyond transportation such as power generation and storage systems is also expected to emerge quickly.
Euisun ChungExecutive Vice Chairman of Hyundai Motor Group said, "Hyundai Motor Group, the global pioneer of the commercial production of FCEV, is taking a bold step forward to expedite the realization of a hydrogen society. We will expand our role beyond the automotive transportation sector and play a pivotal role in global society’s transition to clean energy by helping make hydrogen an economically viable energy source. We are confident that hydrogen power will transcend the transportation sector and become a leading global economic success."
https://fuelcellsworks.com/news/hyundai-motor-group-reveals-fuel-cell-electric-vehicle-fcev-vision-2030-with-plans-to-invest-6.7/