[CES 2024] President Jang Jae-hoon: "Building a Hydrogen Society Is a Task Someone Must Do... We Will Accelerate"

2024 CES Hyundai Conference Interview
Confidence in Next-Generation Nexo Model Scheduled for Release Next Year

Jang Jae-hoon, President of Hyundai Motor Company, expressed his commitment to continuously fostering the hydrogen ecosystem for the development of a sustainable society. Although expanding the base in the early market may be challenging, it signifies Hyundai Motor Group’s proactive preparation, having maintained leadership in the hydrogen industry for over 20 years.

On the 8th (local time), after the Hyundai Motor media conference held at the Mandalay Bay Center in Las Vegas, USA, President Jang emphasized this point in a meeting with reporters. He began by saying, "In the early days of the battery market, people were skeptical, but looking back now, those who were prepared were different."

He continued, "While there have been ups and downs and difficulties in the hydrogen-related business so far, we plan to boldly expand our presence overseas and accelerate progress."

Jang Jae-hoon, President of Hyundai Motor Company, is answering questions during an interview held on the 8th (local time) at the Mandalay Bay Convention Center in Las Vegas, USA.
[Photo by Hyundai Motor Company]

He also interpreted Hyundai Motor’s announcement of the development of water electrolysis hydrogen production technology as an expansion of the industry’s scope through hydrogen production. President Jang said, "We need to think carefully about why Tesla is involved in solar energy business and expanding superchargers, among other energy businesses," adding, "We must also pool all the group’s capabilities to view the entire value chain from hydrogen production to utilization."

He expressed confidence regarding the successor model of the hydrogen fuel cell vehicle Nexo, scheduled for release next year. President Jang stated, "The successor model of Nexo will surpass the technical completeness of the previous generation," and added, "Just as everyone was amazed at the launch of the Tucson ix35 in 2013 and Nexo in 2018, we are preparing a groundbreaking model."

Kim Chang-hwan, Head of Hyundai Motor’s Hydrogen Fuel Cell Development Center, also added, "We will apply the newly introduced cybersecurity standards starting next year and utilize the accumulated data to release a model that is significantly upgraded in terms of customer safety and usage environment."

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