Hyundai Motor has acquired a stake in H2 MOBILITY, a provider of hydrogen infrastructure.
Hyundai becomes the company’s first shareholder outside the original group of TotalEnergies, Shell, OMV, Linde, Air Liquide, and Daimler. Hyundai Motor Deutschland is the subsidiary of Hyundai Motor Company.
Hyundai has been an affiliated partner in the development of hydrogen infrastructure in Germany since H2 MOBILITY was created in 2015. This step demonstrates the company’s commitment to hydrogen fuel cell technology by assisting in the expansion of the infrastructure required to power the company’s fuel cell electric vehicles (FCEVs).
Hyundai emphasized the critical importance hydrogen and the German market play in the company’s success. Germany has one of Europe’s most advanced hydrogen infrastructures, and H2 MOBILITY will work to ensure that hydrogen mobility is a major priority.
“We are very pleased about our new shareholder,” said Nikolas Iwan, Managing Director of H2 MOBILITY. “By joining, Hyundai is underlining the increasing importance of hydrogen as it guarantees unlimited, unrestricted mobility.”
“Hyundai Motor underlines its strong commitment to fuel cell technology by actively supporting the development of a hydrogen infrastructure,” said Michael Cole, President and CEO of Hyundai Motor Europe. “Combining our experience in hydrogen fuel cell systems and H2 MOBILITY’s years of hydrogen infrastructure development, this partnership will empower us to make significant headway toward creating a clean hydrogen ecosystem.”