HYDROGEN VEHICLE MARKET ANALYSIS

Market News

Global Hydrogen Vehicle Market: Key Developments

• In January 2018, Hyundai Motor Company, South Korean multinational automotive manufacturer, announced the launch of its hydrogen-powered SUV “Hyundai Nexo” which will deliver 800-km drive range at Consumer Electronics Show (CES) 2019 in Las Vegas, Nevada.
• In April 2019, Hydrogen Denmark, Danish industry association, announced a launch of eight new fuel cell electric vehicle (FCEV) taxis, “Toyota Mirai taxis” which will transport passengers sustainably around the Copenhagen area.
• In April 2019, Robert Bosch GmbH, German-based multinational engineering, and Technology Company and Powercell Sweden AB, a subsidiary of carmaker Volvo, has signed an agreement to jointly mass-produce hydrogen fuel cells for the automotive segment. According to this agreement, these companies will make polymer-electrolyte membrane (PEM) fuel cells under the agreement for mass production.