South Korean carmaker Hyundai Motor will be producing 1,000 units of hydrogen fuel cell cars starting from the end of this year. This is the largest commercial production planned for hydrogen-based cars to date.
Hyundai Motor completed all preparatory works for the production of its fuel cell electric vehicle (FCEV) model Tucsan ix by lowering the average unit cost of production down to 100 million won ($88,550.30). When considering government subsidies for environment friendly cars, the actual pricing will be much lower.
Hyundai’s pilot FCEV model will first be supplied to Denmark and other select European countries. Once it passes the final market test, it will reach the general Korean and European markets starting next year.
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