Login

Hyundai Motor Reportedly Halts Development Of Fuel-Cell Vehicles

According to news reports in Korean dailies, the company has halted plans to pursue a third-generation fuel cell technology.
Calendar-icon

By Shubham Parashar

clock-icon

1 mins read

Calendar-icon

Published on December 29, 2021

Follow us on

google-news-icon
Story

Highlights

  • Hyundai has reportedly stopped development of fuel cell vehicles.
  • It also shut its combustion engine R&D centre earlier this week.
  • It is unable to meet targets in terms of production cost reduction.

Hyundai recently made news when it shut its R&D centre for combustion engines and now we are hearing similar things about its hydrogen-fuel division. According to news reports from South Korea, the company has halted plans to pursue a third-generation fuel cell technology. The move comes as a surprise as the company showcased its Hydrogen Vision 2040 concept just months ago. Going by the rumours, an internal audit revealed that the carmaker is unable to meet the original target in terms of production cost reductions.

Also Read: Hyundai's SS Kim Is Leaving India To Lead A Global Role; Will Be Replaced By Unsoo Kim

3o84kqog

The Hyundai Vision FK was unveiled in November this year.

Now the development will likely concern other group brands like Genesis and Kia as well. The Genesis hydrogen car had been in development for over a year and was supposed to come to fruition in 2025, but we don't have any reaffirmation from the brand yet. Reports also mention that Hyundai has not completely abandoned the project. Aside from running into technical issues, other roadblocks are represented by the lack of marketability and the underdeveloped charging infrastructure. Sources close to the matter cited by one Korean daily newspaper claim the decision was taken last month after an in-house revision of the project.

Also Read: Made-In-India Hyundai Accent Scores Zero Star Rating In Latin NCAP

hnpsp1lg

The Hyundai Nexo was one of the first fuel cell vehicles to enter production.

The FK concept unveiled in September served as a window into the Hyundai Motor Group's hydrogen future but further development on that project is still uncertain. The rear-wheel-drive FK had a mid-mounted hydrogen fuel cell giving enough juice for over 600 km. The FK was also said to be a plug-in hybrid equipped with a fuel cell energy converter and was believed to be a lot more advanced and interesting than the Nexo.

Source: Motor1.Com

Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

Related Articles

Latest Reviews

Popular Hyundai Models