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Hyundai Taking the Hydrogen Route With Commercial Vehicles

The South Korean auto giant – which also includes Kia under its wing – says it will offer hydrogen fuel-cell versions of all its trucks, vans and buses by 2028

A Hyundai Nexo hydrogen car being fuelled up in Seoul, South Korea. Photo: Reuters

 

Hyundai Motor Group has announced that it plans to offer hydrogen fuel-cell versions for all its commercial vehicles by 2028 – despite the power source’s relatively niche status.

The group, which includes the Hyundai and Kia marques, currently has only one fuel-cell bus and one fuel-cell truck, the Xcient Hyundai, on the market. There are 115 of the buses on the road in South Korea and 45 of the trucks in operation after they were rolled out in Switzerland last year.

The two South Korean automakers together offer 20 commercial vehicle models including trucks, buses and vans, and sold about 287,000 last year.

 

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The group, whose only other fuel-cell vehicle on the market is Hyundai’s Nexo SUV, also said it will develop fuel-cell vehicles for Kia and its premium Genesis brand, which could be launched after 2025.

The plans confirm the firms want to push ahead with hydrogen technology despite its niche status, while the automakers also expand their battery electric vehicle line-up.

Supporters claim that hydrogen fuel-cells are cleaner than other carbon-cutting methods as they only emit water and heat, but the technology has only seen limited usage in the auto industry amid concerns about high costs, the bulky size of fuel-cell systems, the lack of fuelling stations, resale values and the risk of hydrogen explosions.

 

EMISSION TARGETS

Industry-wide, some 10,000 to 15,000 fuel-cell vehicles are produced globally a year compared to 4-5 million electric vehicles, Hyundai said. 

Other major automakers pursuing hydrogen fuel-cell technology include Toyota Motor Corp, BMW and Daimler. They have been encouraged as Europe and China have set ambitious emission reduction targets and talk of hydrogen infrastructure support increases.

Hyundai Motor Group also said it also plans to employ hydrogen fuel-cell technology in other areas such as autonomous container transport.

 

  • Reuters and Sean O’Meara

 

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Sean OMeara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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