Korea’s biggest car maker has taken a $1.5 billion gamble on the zero carbon-emission fuel type.
Hyundai has doubled down on its commitment to hydrogen powertrains, splashing out $US1.1 billion ($AU1.5 billion) on two new fuel-cell production facilities in Incheon, South Korea.
According to the brand, the new plants – which are scheduled to start mass production in the second half of 2023 – will build a total of 100,000 powertrains per year.
Hyundai says the new facility will allow it to “expand [the] production line-ups that applies fuel cell systems, and diversify hydrogen business.”
Currently, the brand builds just one fuel-cell model: the Hyundai Nexo SUV (shown above).
William Davis has written for Drive since July 2020, covering news and current affairs in the automotive industry. He has maintained a primary focus on industry trends, autonomous technology, electric vehicle regulations, and local environmental policy. As the newest addition to the Drive team, William was brought onboard for his attention to detail, writing skills, and strong work ethic. Despite writing for a diverse range of outlets – including the Australian Financial Review, Robb Report, and Property Observer – since completing his media degree at Macquarie University, William has always had a passion for cars.