Hyundai Motor Joins Hands with Chinese Partners to Lead Hydrogen Mobility Ecosystem Development in China

· Hyundai Motor, Shanghai Electric Power, Shanghai Sunwise New Energy System and Shanghai Ronghe Electric Technology Financial Leasing recently signed an MOU to establish a hydrogen fuel cell commercial vehicle ecosystem around Shanghai and Yangtze River Delta area in China
· Hyundai Motor entered a separate MOU with China Iron and Steel Research Institute Group and Hebei Iron and Steel Group to encourage popularization of a hydrogen mobilities in Jing-Jin-Ji region
· Under the MOUs, Hyundai and its regional partners aim to supply a total of 4,000 fuel cell electric commercial vehicles in China by 2025
· Hyundai’s XCIENT Fuel Cell, the world’s first heavy-duty fuel cell truck, makes its Chinese debut at 2020 China International Import Expo