“With the organisational expansion and reformation, Hyundai Motor Group is in the process of fine-tuning the direction and timing of R&D regarding hydrogen fuel cells. But, changes in development timing does not mean we are stopping the development of new vehicles.”
The $47m plant in Foshan, Guangdong province, will initially have an annual production capacity of 500MW upon completion in 2023, which will be gradually increased to reach 1GW by 2028.
More broadly, Northwest Natural Senior Vice President of Operations Kim Heiting said the company is working with peers in the U.S. and Canada to develop a North American plan similar to the European Hydrogen Backbone. Europe's plan envisions developing a 23,000-km hydrogen grid across Western Europe by 2040, with roughly a quarter comprising new hydrogen pipelines and the majority converted…