Hyundai Targets 15% of European Hydrogen Truck Market by 2030
Hyundai Motor has unveiled its goal to increase its share of the European market for hydrogen-powered trucks to 15 percent by 2030.
Earlier this month, the company shipped 10 XCIENT Fuel Cell trucks, the world's first mass-produced hydrogen-powered large trucks, to Switzerland.
"Hydrogen commercial vehicles are expected to grow mainly in the large truck sector," Hyundai Motor said in a conference call for the second quarter held on July 23. "We are targeting 12 to 15 percent of the European market for large hydrogen-powered trucks in 2030."
"In the United States, demand will expand rapidly due to stricter regulations requiring sales of eco-friendly cars by OEM makers," the carmaker said. "We plan to target California where hydrogen energy is drawing much attention."
"In the hydrogen commercial vehicle lineup, we are focusing on large trucks and tractors," Hyundai Motor said. "In the bus business, we are currently focusing on city buses but is planning to develop inter-city buses in the medium term and buses for highways in the long term."
- Hyundai Wins 2020 Truck Innovation Award 2019-12-19
- Hyundai Showcases NEPTUNE Fuel Cell Truck Concept at CIIE 2019-11-14
- Hyundai Motor Company and Cummins to Collaborate on Hydrogen Fuel Cell Tech 2019-09-29
- Sichuan Hyundai Launches New Version of Mighty Light Truck 2019-08-19
- WABCO Signs Deal with Hyundai to Supply Advanced Techs for New Medium Trucks 2018-11-12
- Hyundai Motor Cuts Truck Production to Cope with Falling Korea's Demand 2018-11-01
- IAA 2018: Hyundai Signs MoU for Rolling out Fuel Cell Electric Trucks 2018-09-21
- Hyundai Motor Agrees New Truck Partnership with Sichuan Energy in China 2018-09-06
- Hyundai Put Self-driving Truck on South Korean Highway for Test Run 2018-08-23
- Sichuan Hyundai Opens 4S Stores in Myanmar 2018-07-04
Submit Your Requirements, We Are Always At Your Service.
- BYD Starts Operating Its Battery Factory in Brazil
- Kenworth Produces Last Severe-Service K500 Cabover
- Dongfeng Starts Construction on Its New Factory in Shiyan
- LNG Truck Sales Expected to Reach 113 Thousand Units by End of 2020
- ZOOMLION Listed in China’s 500 Most Valuable Brands for 17 Consecutive Years
- ZOOMLION’s 38m Truck Mounted Pump for India Rolls off Assembly Line
- Foton Signed a Strategic Cooperation Framework Agreement with Weichai
- Foton's Brand Value Reached 168.592 Billion RMB
- JAC and VW Cooperation Process
- Hyundai Targets 15% of European Hydrogen Truck Market by 2030
- Chinese Heavy Truck Makers Set Higher Sales Targets for 2020
- JAC Truck Achieves 23,000 Units Sales in July, a 40.8% YoY Growth
- China’s Tractor Sales Saw Surging Growth in July
- Foton's July Truck Sales Seen Surging Growth
- China’s Heavy Truck Sales Hit New High in July
- Foton Overseas Sales Grow Against the Trend in H1, 2020
- China's Pickup Truck Output And Sales Went Up in June
- China’s Medium-size Trucks Sales Totalled 13,000 Units, Up 36.8% Year-on-Year
- Hongyan Tops the Dumper Sales List in June
- JAC Light Duty Truck Sales Exceeds 100 Thousands Units with 6% YoY Growth in H1
