Tuesday, November 20, 2018
Hyundai Motor Eyeing European Hydrogen-powered Car Market
Forging Alliance with French Companies
Hyundai Motor Eyeing European Hydrogen-powered Car Market
  • By Michael Herh
  • October 18, 2018, 11:33
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Chung Jin-haeng (left), president of Hyundai Motor, poses for a photo shoot after inking an MOU with representatives of Air Liquide and Engie in Paris, France on October 16.

Hyundai Motor has forged an alliance with French companies to expand sales of hydrogen-powered cars in the European market.

Hyundai Motor said on Oct. 17 that the carmaker has signed a memorandum of understanding (MOU) with Air Liquide, a world-class industrial gas company, and Engie, a multinational energy company, to expand distribution of hydrogen cars and hydrogen filling stations in France.

The MOU was signed at the Westin Paris Vendome Hotel on October 16 (local time).

The MOU means that the three companies joined hands in spreading hydrogen vehicles and hydrogen filling infrastructure in France. The MOU is expected to serve as a bridgehead for a full-scale entry of Hyundai’s hydrogen vehicles into the European car market.

Hyundai Motor announced a plan to export 5,000 hydrogen-fueled passenger cars and commercial vehicles to France by 2025. Currently, the Tucson hydrogen vehicles are in service as cabs in France. As the partnership among the three companies will accelerate the supply of hydrogen cars, Hyundai Motor is expected to achieve its goal without difficulties.

Hyundai Motor is also actively promoting hydrogen vehicles in the Korean market. Earlier, Air Liquide expressed its intention to participate in a special purpose corporation (SPC) to be established in Korea at the end of this year to promote the growth of the Korean hydrogen vehicle industry.