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Hyundai to invest W8tr in hydrogen cars by 2030

2018-12-14

Hyundai Motor Group said on Dec. 11 it will invest 7.6 trillion won (US$6.70 billion) in hydrogen fuel cell electric car-producing facilities and related R&D activities by 2030.

Under the investment plans, the Korean business group will establish two separate plants to churn out 500,000 hydrogen fuel cell electric vehicles and 700,000 fuel cell systems in 2030, the company said in a statement.


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