Hyundai to boost fuel cell system output thirteen-fold by 2022

FILE PHOTO: The logo of Hyundai Motor is seen at a dealership in Seoul, South Korea, April 26, 2017. REUTERS/Kim Hong-Ji/File Photo - Copyright Kim Hong-Ji(Reuters)

By Reuters

Published on 11/12/2018 - 07:04•Updated 26/04/2024 - 11:31

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SEOUL (Reuters) - South Korea's Hyundai Mobis Co Ltd plans to increase production capacity of its fuel cell systems mainly used in hydrogen-powered cars by 13 times through 2022, its parent group said on Tuesday.

The parts affiliate of Hyundai Motor Co and Kia Motors Corp aims to raise fuel cell system production to 40,000 units per year by 2022, from 3,000 units at present.