Hyundai Motor Group inked a three-year deal to supply 1,100 hydrogen fuel-cell systems to Enginius, a German environment-friendly vehicle maker and a subsidiary of German carmaker Faun Group.
Faun Group plans to begin installing Hyundai’s 90-kilowatt hydrogen fuel-cell systems in its eco-friendly Bluepower garbage and Citypower cargo trucks in the second half of 2023.
In January 2021, Hyundai launched a brand dedicated to its fuel cell system, called HTWO, which stands for the hydrogen molecule H2.
In March last year, the group began the construction of the HTWO Guangzhou hydrogen fuel-cell systems plant to initially produce 6,500 units a year starting in 2023.
The Hyundai Motor Group will wholly own the HTWO Guangzhou plant.
The Korean carmaker aims to produce 500,000 hydrogen vehicles and 700,000 hydrogen fuel-cell systems.
Currently, Hyundai operates a domestic hydrogen fuel-cell system plant. It also plans to build plants in Europe and the US.


Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield
Oil Prices Slip as Middle East Tensions Ease, Heading for Weekly Loss
U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal
Valero Port Arthur Refinery Explosion Prompts $1M Lawsuit Over Worker Safety Negligence
Parasites are ecological dark matter – and they need protecting
Nomura Upgrades PDD Holdings to Buy, Calls Stock Too Cheap to Ignore
As the Black Summer megafires neared, people rallied to save wildlife and domestic animals. But it came at a real cost
Dollar Strengthens as U.S.-Iran Peace Talks Send Mixed Signals
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share
GesiaPlatform Launches Carbon-Neutral Lifestyle App ‘Net Zero Heroes’
SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion
Novartis to Acquire Biotech Firm Excellergy in $2 Billion Deal
Bank of Japan Faces Rate Uncertainty Amid Middle East Oil Shock
Gold Prices Drop Amid Iran Peace Talk Uncertainty and Stronger Dollar 



