Hyundai aims to produce 500,000 hydrogen-electric cars annually from 2030

Hyundai has announced its FCEV Vision 2030 roadmap. The Korean manufacturer aims to increase production of hydrogen-electric cars so that half a million units a year will roll off the assembly line in twelve years.

Hyundai, together with KIA, which is part of the Hyundai Motor Group, focuses strongly on FCEV, or fuel cell electric vehicle. The company aims to produce a total of 700,000 fuel cells per year from 2030, of which 500,000 for vehicles and the rest for drones, ships and forklifts, among other things.

The FCEV Vision 2030 roadmap involves an amount of almost 6 billion euros, which will be spent on research and the expansion of facilities. That should have created about 51,000 jobs by 2030, according to the manufacturer. Subsidiary Hyundai Mobis currently makes about 3000 fuel cells annually, but a second factory in South Korea should have increased that to 40,000 units by 2022.

Hyundai announced the Nexo at the beginning of this year, a hydrogen car with a range of 800 km that accelerates from 0 to 100 km / h in about 9.5 seconds.