Hyundai Motor Co. is on track to develop a revamped model of its hydrogen fuel car NEXO, its chief executive said on Wednesday, as the South Korean carmaker is striving to cement its No. 1 position in the world’s hydrogen fuel cell vehicle market.
“Our research institute is working on NEXO’s follow-up model in full force,” Hyundai’s CEO Chang Jae-hoon told reporters on the sidelines of the H2 MEET, the world’s largest exhibition for hydrogen technologies and products.
“We will be able to roll out a decent product sooner rather than later to meet market expectations.”
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