Hyundai Motor "Leading Ecosystem Expansion through Diversification of Future Technologies"

A bird's-eye view of the future city introduced by Hyundai Motor Group at CES 2020.

[Asia Economy Reporter Kiho Sung] Hyundai Motor Group is stepping on the accelerator to discover future growth engines. In preparation for the 'post-COVID' era, the group aims to lead the expansion of the ecosystem through increased investment in the smart mobility industry and diversification of hydrogen businesses such as hydrogen fuel cell systems.

At the world's largest electronics show CES last January, Hyundai Motor presented new concept mobility solutions including ▲Urban Air Mobility (UAM) ▲Purpose Built Mobility (PBV) ▲Mobility Transfer Hub. Hyundai's strategy is to provide freedom of movement and differentiated experiences centered on the 'UAM-PBV-Hub' axis. Hyundai plans to enter the UAM market by 2028 by recruiting outstanding talents in a total of 26 roles including ▲airframe structure design ▲airframe structural analysis ▲electric system integration ▲material process development ▲software design ▲concept design, and accelerating research and technology development.

The group is also strengthening its global hydrogen ecosystem leadership. Chung Euisun, Vice Chairman of Hyundai Motor Group, emphasized in this year's New Year's address, "Hydrogen electric vehicles, which possess world-class technology, will begin full-scale sales of not only vehicles but also fuel cell systems starting this year, and will lead the expansion of the hydrogen industry ecosystem through cooperation in infrastructure construction projects." Last year, Hyundai Motor Group signed a supply agreement for hydrogen fuel cell systems with Cummins, a global leader in engines and generators in the U.S., for the North American commercial vehicle market. This year, Hyundai plans to start exports to the U.S. through system supply to Cummins and expand to Europe and other regions. In the future, hydrogen fuel cell systems will be supplied to transportation sectors such as finished vehicle manufacturers, ships, railroads, and forklifts, as well as power generation and storage sectors, aiming to sell about 200,000 hydrogen fuel cell systems annually domestically and internationally by 2030. At the same time, a production system for 500,000 hydrogen electric vehicles annually will be established domestically.

Hyundai will also expand its electric vehicle business. By 2025, Hyundai aims to increase global annual sales of battery electric vehicles and hydrogen electric vehicles to a total of 670,000 units (560,000 battery electric vehicles and 110,000 hydrogen electric vehicles), aspiring to become one of the top three global electrified vehicle companies (battery electric vehicles, hydrogen electric vehicles). In particular, major markets such as Korea, the U.S., China, and Europe will actively promote electrification of new vehicles starting from 2030, while emerging markets such as India and Brazil will begin from 2035. Reporter Kiho Sung kihoyeyo@

This content was produced with the assistance of AI translation services.