The South Korean city of Incheon, located near the capital Seoul, plans to introduce a total of 700 fuel-cell buses by the end of 2024. A total of 200 of these H2 buses are to be put into operation this year, and the rest next year.
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Hyundai Mobis, the South Korean automotive supplier belonging to the Hyundai Motor Group, has announced that it will invest about 1.3 trillion won (equivalent to about 950 million euros) in the construction of two plants for fuel cell systems in the Korean cities of Incheon and Ulsan.
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The announced joint venture between LG Electronics and Magna to manufacture electric motors, inverters and onboard chargers, as well as complete electric drive systems, has now been sealed. The joint venture’s management team is also now in place.
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