In the field of hydrogen fuel cell vehicles, it has always been based on Japanese and Korean systems, and Japanese cars dominate. According tomedia reports, the Korea Automobile Industry Association (KAMA) predicted that Hyundai Motor Group (“Modern Automobile”) in 2019 fuel cell vehicle sales may reach 3,666 vehicles, surpassing Toyota to become the world’s first.
The increase in sales of fuel cell vehicles in Hyundai was mainly due to increased domestic demand, which rose 576 per cent year-on-year in the first 10 months of this year, surpassing Toyota in first place, toyota, the second-largest, up 16.8 per cent year-on-year in October, and Honda, which fell 54 per cent year-on-year to third place.
In terms of global markets, South Korea’s fuel cell vehicles reached 3,207 in January-October, up 622 percent year-on-year, ranking first in the world, while the U.S., Japan and the European Union ranked second, third and fourth, respectively.
In fact, as early as 1998, Hyundai Began to develop hydrogen fuel cell technology, and in 2013 began the era of hydrogen fuel cell vehiclequan. Hyundai aims to sell 670,000 electric vehicles a year by 2025, including 560,000 electric vehicles and 110,000 fuel cell electric vehicles, with the goal of becoming one of the world’s top three battery and fuel cell electric vehicle manufacturers by 2025.
It is reported that next year, South Korea’s hydrogen fuel cell vehicles will reach more than 1 trillion won. To achieve this goal, the government has submitted to Congress a budget for subsidies for hydrogen fuel cell vehicles for 2020, an increase of 52.1 percent over 2019.