Hyundai Motor Company will strengthen cooperation with the Ministry of Environment and local governments to expand the supply of hydrogen buses within the ‘Buul-gyeong (Busan, Ulsan, Gyeongnam) hydrogen economy zone’.
Hyundai has signed the MoU with the Ministry of Environment, Busan City, Ulsan City, Gyeongnam Province, Gimhae City, Busan/Ulsan/Gyeongnam Bus Transportation Business Association to expand the supply of hydrogen buses in Busan.
Under the agreement, the parties plan to develop multi-faceted cooperation to develop related industries and the supply of hydrogen buses to the region as part of establishing the ‘Buul-gyeong-gyeong hydrogen economy zone’.
Specifically, the Ministry of Environment and each local government in the Seoul Metropolitan Government will promote the supply of more than 100 low-floor hydrogen buses’ Electric FCEV’ annually from this year to 2025 to these cities and provinces.
Hyundai Motor Company’s solid-state hydrogen bus pilot project, which will be released this year, is also scheduled. Hyundai Motor Company plans to operate this long-distance hydrogen bus with the Ministry of Environment and Seoul Metropolitan Government for about a month on regional and intercity bus routes and use it to accumulate data for product improvement.
In addition, the parties to the agreement decided to continue wide-ranging cooperation to revitalize the hydrogen ecosystem, such as discussing ways to build infrastructure in the Busan region.