September 21, 2018 12:48
Hyundai said Thursday that it signed a deal with Switzerland's H2Energy to sell it 1,000 large hydrogen-fueled trucks from 2019 to 2023.
This is Hyundai's first export deal for hydrogen-fueled trucks, which it started developing in 1998 and now has top-notch technologies for.
Hydrogen-fueled vehicles run a longer distance than electric cars on a single charge, which makes them ideal as trucks and coaches. Governments in Europe, the U.S. and Japan are offering incentives to private companies involved in this promising field.
Switzerland waives W80-90 million in annual toll fees for hydrogen and electric vehicles weighing more than 3.5 tons (US$1=W1,121).
H2E handles the business operations of a network of seven Swiss companies that was established in May to promote eco-friendly distribution and set up charging stations for hydrogen vehicles.
Hyundai will start supplying the trucks in 2019, the first sale of such vehicles in the global market. They will be able to travel 400 km on a single charge and will be powered by a 190 kW hydrogen-fuel cell, the same one used in the Nexo SUV.
Hyundai hopes to gain a solid foothold in Europe's green vehicle market with the deal and expand sales to include buses and other commercial vehicles.
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