Mexican Media Brands
S. Korea Vows to Make 6.2 Million Fuel Cell Vehicles by 2040
South Korea aims to build 6.2 million fuel cell-powered vehicles, open 1,200 hydrogen fueling stations and hike annual production of hydrogen to 5.3 million tons by 2040.
#hybrid
Share
The South Korean government has unveiled a plan to build 6.2 million fuel cell-powered vehicles, open 1,200 hydrogen fueling stations and hike annual production of hydrogen to 5.3 million tons by 2040.
The plan was presented at an event earlier today in Ulsan. The city is home to Hyundai Motor Co., the country’s leader in hydrogen-powered vehicle development and sales.
The government’s Ministry of Trade, Industry and Energy hopes to lower the market price of hydrogen to less than 3,000 won ($2.70) per kilogram. The ministry says it also will encourage the use of fuel cells in ships, trains and construction equipment.
Last summer the government and key businesses agreed to invest a combined 2.6 trillion won ($2.3 billion) over five years to accelerate fuel cell technology. The initiative aims by 2022 to set up 310 hydrogen fueling stations in Korea and deploy 16,000 fuel cell-powered cars, trucks and buses.
RELATED CONTENT
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
-
GAC, CATL Partner on Two Battery Ventures
Two new battery ventures are being formed in China by domestic carmaker Guangzhou Automobile Group Ltd. and battery giant Contemporary Amperex Technology Ltd.
