Company to sign initial agreement with local companies
Hyundai Motor Co., South Korea's biggest carmaker by sales, said on Oct. 14, 2018 that it aims to ship 5,000 hydrogen fuel cell electric vehicles to France by 2025.
The carmaker plans to sign initial agreements with local companies to promote hydrogen fuel cell electric vehicles (FCEV), the company said in a statement.
On Oct. 16, 2018, the Korean carmaker will sign a memorandum of understanding with Air Liquide and Engie for the spread of the emission-free car and charging stations in the European country, the statement said.
Under the deal, the two French companies will establish "enough" charging stations for FCEV across France by the target year. The charging infrastructure is for both passenger and commercial vehicles that use hydrogen, it said.
The world's hydrogen fuel cell electric car market is expected to grow to 400 million passenger cars, 15 million-20 million trucks, and 5 million buses by 2025, U.S. management consulting firm McKinsey & Company said in a recent report.
Meanwhile, South Korean President Moon Jae-in, on his trip to five European countries -- France, Italy, the Vatican City, Belgium and Denmark -- attended an event to test-drive Hyundai's NEXO hydrogen fuel cell electric car and charge it at a station in downtown Paris, the statement said.
In Paris, three Tucson hydrogen fuel cell electric cars are in operation as taxis, it said.
Hyundai has shipped a total of 100 NEXO FCEVs to government organizations, startups and research institutes in the United States, Germany, Norway and the Netherlands since July, a company spokesman said. (Yonhap)