In a three-year agreement, South Korean car giant Hyundai Motor Group will provide more than 1,000 hydrogen fuel-cell systems to a German manufacturer of environmentally friendly vehicles.
According to the agreement, Hyundai Motor Group will provide 1,100 hydrogen fuel-cell systems for environmentally friendly trash and transport trucks to be made by Enginius, a division of German automaker Faun Group, the firm said in a statement.
According to Faun Group, the second half of 2023 will see the installation of Hyundai’s 90-kilowatt hydrogen fuel-cell systems in its Bluepower garbage and Citypower cargo vehicles.
Hyundai unveiled a brand for its fuel cell technology in January 2021. Its name is HTWO, which is an acronym for the hydrogen molecule H2.
The company started constructing the HTWO Gwangzhou hydrogen fuel-cell systems plant in March of last year with the intention of starting production of 6,500 units annually in 2023. The Korean automobile conglomerate will be the sole owner of the HTWO Gwangzhou facility.
Hyundai anticipates that as China, the largest auto market in the world works to supply 1 million hydrogen-powered vehicles by 2035, demand for hydrogen fuel-cell systems will continue to rise.
To maintain its leadership position in the worldwide hydrogen vehicle markets, Hyundai plans to create 500,000 hydrogen cars and 700,000 hydrogen fuel-cell systems by 2030.
Hyundai now runs a domestic hydrogen fuel-cell system manufacturing facility. Additionally, it intends to construct facilities in the US and Europe.
