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12 12 2018 02

The Hyundai Motor Group has presented the roadmap for its “FCEV Vision 2030”. And the roadmap is ambitious: Hyundai and Kia plan to increase their annual production capacity for fuel cell systems from what is currently 3,000 units, up to a whopping 700,000 units by 2030.

500,000 of these are planned for use in passenger cars and commercial vehicles, the remaining 200,000 for other applications. Hyundai Motor Group (Hyundai and Kia), have joint up with their suppliers to invest around 7.6 trillion won (around 6.9 billion euros) in research & development.

This comes with an expansion of the corresponding production capacities which is expected to create around 51,000 jobs by 2030. “We are confident that hydrogen energy will become a global economic success,” Hyundai Vice President Euisun Chung said in a statement.

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