Hyundai Motor Group to make first abroad gas mobile system plant in China

SEOUL, Jan 15 (Reuters) – Hyundai Motor Team has signed an investment pact with the…

SEOUL, Jan 15 (Reuters)Hyundai Motor Team has signed an investment pact with the governing administration of China’s southern province of Guangdong to make its to start with overseas fuel cell process creation plant in the country, the South Korean firm said on Friday.

Fuel mobile cars are a specialized niche technologies amid considerations about a absence of fuelling stations, resale values and the chance of hydrogen explosions, even though hailed by hydrogen backers who say the technological innovation is cleaner than other carbon-slicing solutions.

Design of the Guangzhou metropolis facility with yearly capability of 6,500 fuel mobile techniques is to start out in March, with completion aimed for the 2nd 50 % of 2022, the automaker group claimed.

“The Guangzhou plant will leverage the group’s comprehensive knowledge in gas cell program output to protected a technological leadership posture in China’s speedily acquiring hydrogen field,” it claimed in a assertion.

Hyundai Motor Group, which features Hyundai Motor Co 005380.KS and Kia 000270.KS, did not disclose the expense sum, but added it would function with Chinese firms to participate in Guangdong’s hydrogen-similar assignments.

In December, Hyundai said it was launching a model devoted to its hydrogen gas cell systems, HTWO, in a bid to enhance the company, following providing its initial seven hydrogen-driven vans to shoppers in Switzerland in Oct.

The only byproducts of these types of methods are h2o and heat, as hydrogen can be designed from quite a few resources, including methane, coal, water, and even rubbish.

(Reporting by Heekyong Yang Editing by Clarence Fernandez)

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