Hyundai Sees Electrification Of All Commercial Vehicles By 2028

Hyundai Motor Co HYMTF announced Hydrogen Wave, representing the Group's plans for a new 'wave' of hydrogen-based products and technologies toward a hydrogen society.
The Group aims to extend hydrogen energy utilization to broader areas of industries and sectors by 2040.
It aims to launch a next-generation fuel cell system with 100kW and 200kW variations in 2023 with costs lower by over 50%, total package volume reduced by 30%, and power output doubled.
Hyundai plans to become the first automaker to apply fuel cell systems to all commercial vehicle models by 2028.
It aims to accomplish a fuel cell electric vehicle (FCEV) price point comparable to a battery electric vehicle (BEV) by 2030.
Hyundai plans to apply fuel cell systems to every type of mobility and further the technology to homes, buildings, and power plants as energy solutions.
Hyundai's future product concepts featuring fuel cell technologies include Trailer Drone, high-performance sports cars, and fuel cell-equipped vehicles for emergency relief and rescue missions.
Price Action: HYMTF shares closed lower by 0.39% at $43.65 on Friday.