Hyundai Motor Group inked a three-year deal to supply 1,100 hydrogen fuel-cell systems to Enginius, a German environment-friendly vehicle maker and a subsidiary of German carmaker Faun Group.
Faun Group plans to begin installing Hyundai’s 90-kilowatt hydrogen fuel-cell systems in its eco-friendly Bluepower garbage and Citypower cargo trucks in the second half of 2023.
In January 2021, Hyundai launched a brand dedicated to its fuel cell system, called HTWO, which stands for the hydrogen molecule H2.
In March last year, the group began the construction of the HTWO Guangzhou hydrogen fuel-cell systems plant to initially produce 6,500 units a year starting in 2023.
The Hyundai Motor Group will wholly own the HTWO Guangzhou plant.
The Korean carmaker aims to produce 500,000 hydrogen vehicles and 700,000 hydrogen fuel-cell systems.
Currently, Hyundai operates a domestic hydrogen fuel-cell system plant. It also plans to build plants in Europe and the US.


Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Swimming in the sweet spot: how marine animals save energy on long journeys
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out
LA fires: Fast wildfires are more destructive and harder to contain
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Burkina Faso and Mali’s fabulous flora: new plant life record released
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 



