South Korea plans to build more hydrogen production facilities in Busan, Daejeon, and three other cities that could power 49,000 cars or 760 buses annually.
The facilities would utilize liquefied natural gas to produce 7,400 tons of hydrogen every year.
The move is in pursuance of the country's latest green energy vision that would break away from using fossil fuels and promote hydrogen fuel cell automobiles.
South Korea plans to increase the number of hydrogen passenger cars running in the streets to 15,158 units by the end of 2020 and to have 2.7 million of such automobiles by 2040.
The number of charging stations for hydrogen-powered will be increased from 34 in 2019, to around 350 by 2022, and 1,200 in 2040.


BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
Qualcomm Stock Falls as Weak Q4 Forecast, Apple Revenue Decline Overshadow AI Data Center Growth
Robinhood Q2 Earnings Beat Estimates, But HOOD Stock Falls as Investors Question Profit Quality
Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
Toyota First-Half Global Sales and Production Decline on Weak China Demand, RAV4 Transition
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
Starbucks Stock Jumps as Q3 Earnings Beat, Sales Growth Drives Higher 2026 Outlook
Chipotle Q2 Earnings Beat Expectations as Sales Growth Drives Higher 2026 Outlook
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
OpenAI Revenue Surges After GPT-5.6 Launch as IPO Expectations Grow 



