Hyundai to take stake in German hydrogen fuelling group H2 Mobility

Singapore News News

Hyundai to take stake in German hydrogen fuelling group H2 Mobility
Singapore Latest News,Singapore Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 66%

FRANKFURT : Hyundai Motor Co will invest in Germany's H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks to support infrastructure for fuel cell-powered vehicles.A partner in the project since 2017, Hyundai Motor's German subsidiary will become a seventh sharehold

FRANKFURT : Hyundai Motor Co will invest in Germany's H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks to support infrastructure for fuel cell-powered vehicles.

A partner in the project since 2017, Hyundai Motor's German subsidiary will become a seventh shareholder shortly, it said, having received approval from Germany's cartel office.It joins investors including France's Total, Shell, OMV, industrial gas makers Linde and Air Liquide, and carmaker Daimler. "In Germany, a lot of money is flowing into the topic of hydrogen through the European Union Green Deal and national funding, and we believe that we are at the forefront," said Ronald Grasman, vice president of fuel cell business development at Hyundai Motor Company.But Hyundai, which is introducing fuel cell trucks in Switzerland, believes hydrogen technology could also play a bigger role in small vehicles further down the road.

"This is why Hyundai is so important. They have the lead when it comes to scaling effects, especially in the area of commercial vehicles," he said. Hyundai, the biggest-selling Asian carmaker in Germany, had a 3.7per cent share of the market in January-July 2021 supplying a mix of conventional, electric and fuel-cell vehicles.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

German startups launch mini-rocket challenge to SpaceX and co.German startups launch mini-rocket challenge to SpaceX and co.Car-manufacturing powerhouse Germany is rushing to join the private sector space race as it looks to ride a boom in mini-launchers for small ...
Read more »

Spain's La Liga agrees to sell 10per cent stake to CVC - NYTSpain's La Liga agrees to sell 10per cent stake to CVC - NYTREUTERS: Spain's top soccer league has agreed in principle to sell 10per cent of its business to private equity firm CVC Capital Partners for ...
Read more »

German startups launch mini-rocket challenge to SpaceX and co.German startups launch mini-rocket challenge to SpaceX and co.Car-manufacturing powerhouse Germany is rushing to join the private sector space race as it looks to ride a boom in mini-launchers for small ...
Read more »

N.Korea wants US to allow fuel, metal trade to restart talks - S Korea lawmakersN.Korea wants US to allow fuel, metal trade to restart talks - S Korea lawmakersNorth Korean leader Kim Jong Un requested that South Korea reconnect hotlines which Pyongyang severed a year ago, a South Korean lawmaker said on ...
Read more »

Hugo Boss expects recovery to continue through 2021Hugo Boss expects recovery to continue through 2021German fashion house Hugo Boss said it expected a rebound in its business to continue in the second half of the year as sales almost recovered to ...
Read more »

Bonds take a breather, Tencent tumbles againBonds take a breather, Tencent tumbles againThe government bond market rally that had sent U.S. Treasury yields under 1.2per cent and the entire German curve negative paused on Tuesday, ...
Read more »



Render Time: 2025-02-06 21:49:03