Hyundai Partners with Toyota to Develop Hydrogen-Fueled Market

4 Mar, 2019 | posted in: News | 0
Hyundai Partners with Toyota to Develop Hydrogen-Fueled Market

Hyundai Motor, a global leader in the design and production of commercial vehicles, is partnering with rival Toyota Motor Corp. and four other multinational companies to further develop and standardize the hydrogen-fueled commercial vehicle market.

Entering into the partnership with Hyundai and Toyota are Air Liquide, Nel, Shell and Nikola.

The companies will collaborate to manufacture standardized parts required for refueling commercial trucks and buses that are powered by hydrogen. Such parts include fuel receptacles, nozzles and charging hoses.

The main goal of the consortium is to expand the use of hydrogen-fueled trucks and make the refueling process simpler and more efficient.

Owing to their size and applications, trucks and other commercial vehicles have larger fuel containers which require high-pressure recharging. The current technology, designed for passenger hydrogen vehicles, makes for a long and complicated refueling process. In producing standardized parts tailored to the needs of commercial vehicles the consortium aims to reduce refueling times and make the process safer and more reliable, Hyundai Motor stated.

The hydrogen-based market is challenging for companies because of the high costs and complicated procedures involved. With active support from the South Korean government, Hyundai is hoping to overcome these obstacles and make hydrogen-powered trucks more accessible.

Founded in 1967, Hyundai Motor is the third-largest vehicle manufacturer in the world. Its integrated manufacturing plant in Ulsan, South Korea, is the largest in the world.

The company’s products are sold in nearly 200 countries, with around 5,000 dealerships and approximately 75,000 employees.