"Hyundai is exploring a "potential collaboration" with the Canadian hydrogen energy sector, it told CBC News on Thursday, as the South Korean automaker bets on natural gas-fuelled cars to be the future of the automotive industry. The revelation came a few days after Canada and South Korea signed a memorandum of understanding that will see the two co-operate in several key industries, including auto and battery manufacturing."
"Hyundai has bet "most heavily" on hydrogen as a potential fuel source for its vehicles at a time when some of its competitors are drawing back on the technology, said Flavio Volpe, president of the Automotive Parts Manufacturers' Association in Toronto. "They know that the hydrogen future starts with the hydrogen present, which is trucks and heavy vehicles," Volpe said. The company unveiled the world's first heavy-duty commercial trucks in 2020."
Hyundai is exploring collaboration with Canada's hydrogen energy sector following a Canada–South Korea memorandum of understanding covering auto and battery manufacturing. The company is not planning an auto assembly plant in Canada but is reviewing opportunities, including hydrogen projects to support Canada's clean-energy transition. Hydrogen-fuelled cars offer longer range and faster refuelling than battery electric vehicles, but widespread adoption requires new hydrogen refuelling infrastructure and high up-front costs. Hyundai has invested heavily in hydrogen technology, focusing on trucks and heavy vehicles, and introduced the world's first heavy-duty commercial fuel-cell trucks in 2020. Several rivals have reduced their hydrogen development programs.
Read at www.cbc.ca
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