Hyundai
$HYUD (+0%)
$005380 supplies hydrogen buses to the province of South Chungcheong

Hyundai Motor announced on Friday that it has signed an agreement with the government of South Chungcheong Province to supply hydrogen fuel cell buses as part of the local government's carbon neutrality initiative.

Under the agreement, Hyundai Motor will gradually deliver its Elec City and Universe hydrogen fuel cell buses starting this year. The buses will be used for urban and intercity transportation as well as school and workplace transportation.

The provincial government wants to replace 1,200 diesel buses with hydrogen-powered buses by 2030.

In addition, Hyundai Motor plans to set up six hydrogen commercial vehicle service centers in the region to ensure smooth operation and maintenance.

"We will not only supply hydrogen buses, but also further expand hydrogen vehicle service centers to support the smooth operation of hydrogen transportation in the province," said a company representative.