Hyundai aims to sell over 10,000 Nexo hydrogen cars in 2020
By Choi Kyong-ae
SEOUL, Jan. 16 (Yonhap) -- Hyundai Motor Co. said Thursday it aims to sell over 10,000 units of the hydrogen fuel cell electric vehicle Nexo in the domestic market this year.
In 2020, Hyundai is targeting to sell 10,100 Nexo vehicles mainly to public organizations and companies, which marks a whopping rise from the 4,194 units it sold last year, the company said in a statement.
To take the lead in the hydrogen vehicle market, Hyundai announced in late 2018 its plan to invest 7.6 trillion won for partnerships with auto parts companies, research and development activities and facility expansion by 2030.

This file photo provided by Hyundai Motor shows the Nexo hydrogen fuel cell electric vehicle. (PHOTO NOT FOR SALE) (Yonhap)
Hyundai aims to establish a production facility capable of rolling out 50,000 hydrogen-powered vehicles a year by 2030. It also targets selling 200,000 hydrogen fuel cell systems a year in global markets by the same year.
Separately, the number of Nexo vehicles sold outside the country totaled 1,015 units in the past two years.
In 2019, South Korea claimed a 52 percent share of the global hydrogen fuel cell electric market, followed by the United States with a share of 29 percent, Japan with 9.7 percent and Europe with 6.5 percent, the statement said.
kyongae.choi@yna.co.kr
(END)
-
BLACKPINK star Jisoo tests positive for COVID-19, to miss world tour stop in Osaka
-
(URGENT) Seoul city sends alert to residents to prepare for evacuation after N. Korea's launch
-
Seoul city sends alert to residents to prepare for possible evacuation after N. Korea's launch
-
N. Korea fires what it claims to be 'space launch vehicle' southward: S. Korean military
-
Flights from typhoon-hit Guam to S. Korea to resume Monday: ministry
-
Fifty Fifty chart on Billboard Hot 100 for 10th week with 'Cupid'
-
(URGENT) Seoul city sends alert to residents to prepare for evacuation after N. Korea's launch
-
BLACKPINK star Jisoo tests positive for COVID-19, to miss world tour stop in Osaka
-
S. Korea slams N. Korea's planned satellite launch, warns of consequences
-
N. Korea fires what it claims to be 'space launch vehicle' southward: S. Korean military
-
BLACKPINK star Jisoo tests positive for COVID-19, to miss world tour stop in Osaka
-
Nat'l team baseball players apologize for drinking during WBC in Tokyo
-
Suspect in grisly Busan murder sent to prosecutors for further probe
-
(2nd LD) Election watchdog refuses state auditor's inspection into nepotism suspicions
-
BTS' RM named as honorary ambassador for ministry's war remains excavation agency