Hyundai Plans $6.7 Billion Investment to Boost Fuel-Cell Output
- Automaker to raise capacity by more than 200-fold by 2030
- Proposal reaffirms faith in the future of hydrogen technology
A Hyundai fuel cell
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Hyundai Motor Group and its suppliers plan to spend of 7.6 trillion won ($6.7 billion) through 2030 to raise production of fuel cells by more than 200-fold as the South Korean automaker targets to become a key player in the new-energy vehicle technology.