[Click eStock] "Hyundai Motor Presents Hydrogen Economy Vision... Positive for Stock Price"

[Asia Economy Reporter Ji Yeon-jin] Hana Financial Investment stated on the 8th that since Hyundai Motor Company presented a vision of various business opportunities in the hydrogen economy beyond hydrogen vehicles in its hydrogen strategy, it will have a positive impact on the stock price, maintaining a buy investment opinion and a target price of 305,000 KRW.

Song Seon-jae, a researcher at Hana Financial Investment, said, "Considering the current global hydrogen vehicle market size (20,000 units annually), the hydrogen vehicle business is not a short-term profit or stock price driver, but through this hydrogen strategy announcement, we could glimpse the potential of the hydrogen vehicle market as one pillar of the eco-friendly vehicle market," adding, "In the future, we believe the stock price will gradually reflect the speed of market expansion and Hyundai Motor's strategy execution."

Hyundai Motor recently announced its hydrogen strategy at the Hydrogen Wave event. The main strategic goal is to transition to a hydrogen energy-based industrial society by 2040. To achieve this, by 2028, hydrogen fuel cells will be applied across all commercial vehicle lineups (dual strategy with electric vehicles), and the scope will expand beyond automobiles to mobility (trams, trains, ships, UAM, etc.) and energy solutions (residential, buildings, factories, power plants, etc.).

Based on hydrogen vehicles, Hyundai plans to enter the European medium and large commercial vehicle market and the global small commercial vehicle market, develop PBVs (Purpose Built Vehicles) based on fuel cells, and combine autonomous driving and robotics technologies. They also intend to actively promote the 'HTWO' business, which supplies hydrogen fuel cell systems externally.

Several concept models were also unveiled, including the unmanned transport system concept mobility 'Trailer Drone,' the high-performance hydrogen vehicle 'Vision FK,' the remote/autonomous hydrogen vehicle for fire suppression and rescue 'Rescue Drone,' and the mobile hydrogen charging station 'H Moving Station.'

The next-generation hydrogen fuel cell system was also revealed. Starting in 2023, the third generation, which reduces size and cost compared to the currently applied second generation system while increasing output and durability, will be applied. It is being developed in 100kW and 200kW classes. The 100kW class is applied to passenger cars and will reduce volume by 30% compared to the second generation applied in the NEXO model. The 200kW class used in commercial vehicles will have double the output and more than twice the durability, with a driving range target of over 500,000 km.

The price of the next-generation system is expected to be more than 50% lower than the current one, and by 2030, through further reductions, it aims to achieve price competitiveness at the level of BEVs. The third-generation hydrogen fuel cell system is designed to be applicable not only to automobiles but also to ships, trains, and buildings. In particular, the 'flat-type fuel cell system' is advantageous for securing indoor space and is expected to expand to PBVs, buses, trams, ships, and more.

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