article thumbnail

Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 trillion (US$85 billion) over the next 10 years, including KRW 35.8 trillion (US$27.8 billion) for electrification. Production.

Hyundai 284
article thumbnail

Hyundai Motor Group’s Supernal unveils eVTOL vehicle cabin concept at 2022 Farnborough International Airshow

Green Car Congress

Supernal revealed its initial eVTOL vehicle cabin concept at Farnborough International Airshow, providing the first look at how Hyundai Motor Group is integrating automotive capabilities to develop the Advanced Air Mobility (AAM) market. —Jaiwon Shin, President of Hyundai Motor Group and CEO of Supernal.

Hyundai 221
article thumbnail

Hyundai Motor signs MOU to commercialize hydrogen fuel-cell-propulsion systems for marine vessels

Green Car Congress

The MOU marks a significant milestone for Hyundai Motor as it is the company’s first strategic partnership involving the application of its fuel cell system technology in the shipbuilding industry, spearheading a new generation of seafaring vessels. Hyundai Motor commercialized the Tucson ix35 fuel cell electric vehicle (FCEV) in 2013.

Mariner 218
article thumbnail

Iveco Group chooses HTWO (Hyundai) fuel cell systems for the next generation of hydrogen buses in Europe

Green Car Congress

HTWO, as a fuel cell system-based hydrogen business brand of Hyundai Motor Group, was first released in December 2020 with Hyundai’s strong commitment to hydrogen economy. Hyundai fuel cell system. (1).

Hydrogen 435
article thumbnail

Hyundai invests more in Georgia to produce hybrids

Teslarati

Hyundai Motor Co. Hyundai’s Georgia Metaplant was supposed to be a dedicated factory for EV production. However, Hyundai and a few more legacy automakers have mentioned a slowing demand for electric vehicles and have turned to hybrid production to recover losses. trillion won (US$2.5 from a year ago.

Georgia 71
article thumbnail

Hyundai Motor Group launches HTWO dedicated fuel cell system brand

Green Car Congress

Hyundai Motor Group (HMG) introduced HTWO, a new brand to represent the group’s world-leading hydrogen fuel cell system. Building upon Hyundai’s 20-plus years of experience in hydrogen fuel cell technology, the brand will present hydrogen as a positive energy for humanity.

Hyundai 186
article thumbnail

Hyundai Motor and Kia collaborate with Next Hydrogen to develop advanced alkaline water electrolysis system

Green Car Congress

Hyundai Motor Company and Kia Corporation have signed a memorandum of understanding with Canada-based Next Hydrogen Corporation, a specialist in water electrolysis technology and a subsidiary of Next Hydrogen Solutions Inc., Hyundai Motor and Kia will also oversee the test performance of the new stack.

Water 186