SEOUL, June 22 (Korea Bizwire) — Hyundai Motor Group is on its way toward an all-electric future by adopting a two-track strategy to deliver batteries for both electric and hydrogen fuel cell vehicles, hoping to expand its presence in the growing eco-friendly car market. The world’s fifth-largest carmaker is one of the few industry players [...]
SEOUL, Mar. 7 (Korea Bizwire) — South Korea is aiming to have 2,000 hydrogen fuel-cell electric buses in the country by 2022 as it strives to raise the ratio of environment-friendly vehicles, the transport ministry said Thursday. This year, the government is initially targeting the replacement of 35 existing buses with fuel cell electric vehicles [...]
SEOUL, Jan. 11 (Korea Bizwire) — In theory, hydrogen seems like the perfect energy source to power a vehicle, in that it is the most prevalent element in nature, it can be turned into electricity and emits only water. It has been several decades since the zero-emission cars entered the public consciousness as a possible [...]
SEOUL, April 6 (Korea Bizwire) — The omission of an additional increase in subsidies for fuel cell electric vehicles in the government’s supplementary budget proposal announced yesterday has left the FCEV industry disappointed by the lack of support. No other industry player may be more dismayed by the result than South Korea’s leading automaker Hyundai, [...]
PYEONGCHANG, South Korea, Feb. 6 (Korea Bizwire) — A 250-kilometer-long test drive proved that Hyundai Motor Co.’s hydrogen-powered Nexo is unrivaled in terms of fuel economy, but also illustrated how weak recharging infrastructure in South Korea remains a major hurdle for the growth of the next-generation vehicle. The brand-new fuel cell electric vehicle (FCEV) was [...]
SEOUL, March 6 (Korea Bizwire) – The southern city of Gwangju will launch South Korea’s first hydrogen car sharing program, the government said Sunday. The environment ministry said the city 329 kilometers south of Seoul has been tapped as a testbed for the car-sharing endeavor, aimed at improving public awareness of the eco-friendly vehicles. An [...]
SEOUL, Sept. 12 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, said Monday that it has signed a deal with a local government to supply its fuel cell electric vehicles (FCEVs) as part of efforts to foster the hydrogen car sector here. Under the deal, the automaker will deliver 10 units of the [...]
HONGSEONG, South Korea, Aug. 16 (Korea Bizwire) – South Chungcheong Province has been designated as a next generation production hub for FCEV (fuel cell electric vehicle) parts, after passing a government feasibility assessment of the region. According to provincial officials, the new facilities will provide an important cornerstone for the automobile industry of the future, [...]