Hyundai Motor Group plans to expand its hydrogen energy technology beyond vehicles. It plans to push the technology to power ships, trains and even generators.
While delivering his New Year’s message to the Group’s employees, Hyundai Motor Group Chairman Euisun Chung, said that Hyundai’s hydrogen technology would be promoted under the ‘HTWO brand.
The company launched HTWO (stand for H2) brand, back in December 2020, dedicated to promoting fuel cell systems. The company wants to further develop it for advanced applications such as Urban Air Mobility (UAM).
Hyundai seeks a leading role in the hydrogen energy industry. It aims to make strategic partnerships with leading companies in hydrogen, energy and logistics, to work on hydrogen-related projects.
Hyundai Motor performance remained remarkable recently and renewed more than 90% of its European fleet within 18 months. Its European fleet is quite diverse and ranging from hybrid to hydrogen fuel cell-based powertrain. Hyundai goal is to sell 670,000 EVs annually by 2025, comprising 560,000 BEVs and 110,000 FCEVs.
NEXO is Hyundai’s second-generation hydrogen fuel cell car and joined the league of Toyota Mirai and Honda Clarity in hydrogen-powered fuel cell vehicle. NEXO is fully electric SUV brand run on hydrogen fuel cell technology.