Hyundai Motor has announced plans to launch the world’s first commercially available hydrogen-powered truck as it seeks to grab market share ahead of eco-friendly offerings by Tesla and Daimler. The South Korean automaker said it would next year begin rolling out 1,000 fuel-cell trucks in Switzerland as part of a five-year tie-up with Swiss hydrogen company H2 Energy. The move represents a bet by Hyundai on the emission-free technology, which operates by converting stored hydrogen into electricity to power the vehicles’ motors. Proponents of the technology – such as Hyundai and Japan’s Toyota – say the use of hydrogen is suited to heavy, long-distance transport compared with purely electric vehicles that face range limits, lengthy refuelling times and battery degradation. Hyundai also says a switch to hydrogen vehicles would prevent the destruction of component jobs. Unlike battery-powered vehicles, many of the required parts can be produced by existing suppliers.
FT 20th Sept 2018 read more »