Its been a busy week for Hyundai, who had to refuteclaimsit was breaking up with hydrogen.
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Hyundai Motor Group can confirm that it is not halting the development of its engines following recent media speculation.
In the case of the hydrogen claim, investors reacted adversely to the news.
Shouldnt they be paying analysts for a more long-term vision?
So far, retail sales are not even close anywhere in the world.
In 2021, sales of HFC vehicles almost doubled compared to the previous year.
16,300 vehicles were registered from January to December 20201.
In September last year, Hyundai announced its Hydrogen Vision 2040 at an online event calledHydrogen Wave.
This is part of a bigger mission introducing hydrogen fuel cells into high-performance vehicles.
These includeurban air mobility, robots,aircraft, and large ships.
At the end of 2020, 553 hydrogen refueling stations were in operation worldwide.
At the end of 2020, there were a mere 60.
Thats a pretty dire shortfall.
There arejust under 400EV charging stations in South Korea by comparison.
Most applications for hydrogen are industries ships, trains, buses, VTOLs, and trucks.
These typically have access to on-site refueling at truck parking bays, shipyards, bus, and train depots.
Story byCate Lawrence
Cate Lawrence is an Australian tech journo living in Berlin.
