Hyundai is looking at delving further into fuel cell electric vehicle (FCEV) technology as an alternative means of propelling automobiles in the near future.
Recently, Hyundai Motor Group (HMG) announced its long-term roadmap called 'FCEV 2030' which reaffirms the company's plan of developing a 'hydrogen society'. Under the roadmap, both Hyundai and Kia are committed to producing and developing more fuel cell-powered vehicles, and boosting FCEV systems production capacity to 700,000 units by 2030.
For the automaker, fuel-cell technology can be used not only for automobile applications, but for infrastructure, power generation, transporation and storage systems as well.
“Hyundai Motor Group, the global pioneer of the commercial production of FCEV, is taking a bold step forward to expedite the realization of a hydrogen society. We will expand our role beyond the automotive transportation sector and play a pivotal role in global society’s transition to clean energy by helping make hydrogen an economically viable energy source. We are confident that hydrogen power will transcend the transportation sector and become a leading global economic success,” said Euisun Chung, executive vice chairman of Hyundai Motor Group.
As the first step to fulfill the company's FCEV 2030 roadmap, Hyundai Mobis Co., the fuel-cell system subsidiary under HMG, recently held a groundbreaking ceremony for its second fuel-cell system plant in Chungju, South Korea. With it, the new plant will help Hyundai Mobis Co. increase its annual fuel-cell system output from the current 3,000 units, to 40,000 units by 2022.
In the long run, HMG also plans on securing 500,000 FCEV units per year by 2030. This will comprise both passenger and commercial vehicles, in anticipation of high demand for FCEVs expanding to around 2 million units a year within that specific timeframe.
Earlier this year, the company has released the next-generation Nexo FCEV for commercial use. Built from the ground up instead of basing it on an existing Tucson, the new Nexo comes with a new platform and has better efficiency, reliability and range compared to the Tucson-based predecessor. It has a total system output of 184 PS, has a cruising range of 560 km, and can go from 0 – 97 km/h in less than 10 seconds.