Hyundai Motor's Strategic Move: Acquisition Boosts Hydrogen Vision
Key Ideas
- Hyundai Motor completed the acquisition of Hyundai Mobis' hydrogen fuel cell business, enhancing its position in the hydrogen market for a greener society.
- The integration will centralize resources and speed up development, with a new team focusing on manufacturing quality of the fuel cell system.
- Hyundai Motor plans to launch the next-generation Nexo SUV by 2025, expand its hydrogen usage to trams, ports, and ships, and aim for leadership in the hydrogen ecosystem.
Hyundai Motor showcased the E-WAY H2 hydrogen-powered bus at the Busworld 2023 expo in Brussels, highlighting its commitment to green energy solutions. The recent acquisition of Hyundai Mobis' hydrogen fuel cell business marks a strategic move by Hyundai Motor to advance its hydrogen vision. By integrating the R&D and manufacturing aspects, Hyundai Motor aims to streamline operations and reduce costs. This acquisition positions Hyundai Motor to lead in the hydrogen market, with plans to launch the next-gen Nexo SUV and extend hydrogen usage to various sectors like trams, ports, and ships. The company's CEO, Chang Jae-hoon, emphasized Hyundai's dedication to the hydrogen business and outlined a vision for sustainable production through resource recycling and technological advancement.
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