SEOUL, Sept. 19 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Monday unveiled a hydrogen-powered vehicle based on Italian carmaker IVECO Group N.V.’s DAILY van in their extended commercial car partnership. Hyundai Motor and IVECO debuted the eDAILY hydrogen fuel-cell electric vehicle (eDAILY FCEV) at the IAA Transportation 2022 in Hannover, the world’s largest [...]
SEOUL, Oct. 30 (Korea Bizwire) — Hyundai Motor Co. said Friday it has sold over 10,000 Nexo hydrogen fuel cell electric vehicles in the domestic market since its launch in early 2018. Hyundai began to sell the Nexo hydrogen model in the local market in March 2018 as it aimed to take the leadership position [...]
SEOUL, Oct. 15 (Korea Bizwire) — South Korea is aiming to more than double its share of the world’s all-electric and hydrogen-powered vehicle market to 10 percent by 2030 as it strives to foster future mobility as its new growth driver, government officials said Tuesday. Seoul currently accounts for four percent of the pure electric [...]
SEOUL, Aug. 28 (Korea Bizwire) — President Moon Jae-in’s new official car, based on hydrogen fuel-cell technology, made its debut Tuesday, rolling briefly across the grounds of Cheong Wa Dae. Moon moved from one office building to another inside the presidential compound in the Nexo crossover SUV, produced by Hyundai Motor, according to Cheong Wa [...]
SEOUL, May 10 (Korea Bizwire) — South Korea will sharply increase the number of hydrogen fuel-cell electric passenger cars to nearly 6,400 this year, the trade ministry said Friday. The target marks a big leap from some 890 units last year and underscores Seoul’s broader efforts to promote hydrogen vehicles amid stricter regulations on gas-guzzling [...]
SEOUL, Jan. 21 (Korea Bizwire) — Hydrogen-powered vehicles have the potential for growth and can lead South Korea’s auto industry into the future, but a longer-term perspective is advisable due to some hurdles in the nascent sector, market watchers here said Monday. The country’s hydrogen car market has gained traction on the back of strong [...]
SEJONG, Jan. 17 (Korea Bizwire) — South Korea announced a hydrogen economy policy blueprint on Thursday that centers on promoting eco-friendly automobiles and power cells that could create 43 trillion won (US$38.2 billion) worth of wealth in 2040. The Ministry of Trade, Industry and Energy said the policy is focused on building a society that [...]
SEOUL, Oct. 25 (Korea Bizwire) — The Seoul Metropolitan Government announced on Wednesday that it plans to supply 3,000 additional hydrogen fuel cell cars by 2022 and add four more hydrogen stations by 2021. Hydrogen cars, unlike conventional vehicles, are not equipped with internal combustion engines. As such, hydrogen cars don’t emit air pollutants, but [...]
SEOUL, Aug. 8 (Korea Bizwire) – South Korea’s top auto parts maker Hyundai Mobis Co. said Tuesday it has built a plant capable of mass-producing parts for hydrogen fuel cell electric vehicles in a bid to preempt the global market. The company said the factory, located inside its existing eco-friendly vehicle parts complex in the [...]