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Turin, 13th July 2022. Iveco Group (MI: IVG), through its brand IVECO BUS, announces that it will partner with HTWO to equip its future European hydrogen-powered buses with world-leading fuel cell systems. HTWO, as a fuel cell system-based hydrogen business brand of Hyundai Motor Group, was first released in December 2020 with Hyundai’s strong commitment to hydrogen economy. With its proven fuel cell technology utilized in Hyundai FCEVs, HTWO is expanding the provision of fuel cell technology to other automobile OEMs and non-automobile sectors to make hydrogen available for everything. Moving forward quickly to spearhead the mobility of the future, IVECO BUS is already participating in European tenders for fuel cell buses powered by HTWO. Furthermore, the recently announced plan to restart production of buses in Italy will provide another opportunity to manufacture new buses powered by HTWO’s hydrogen fuel cells. This initiative aims to leverage the exceptional technology and competencies of both entities in the urgently needed renewal of Italy’s public transport. Domenico Nucera, President of the Bus Business Unit at Iveco Group, said: “By collaborating with an industry leader like HTWO, built upon Hyundai’s 20-plus years of experience in hydrogen fuel cell technology, we at IVECO BUS can respond rapidly to customer requests for zero-emission vehicles powered by cutting-edge propulsion technology. We have already started submitting public tenders for hydrogen-powered buses and will continue in the coming months; as we go on playing our leading role in the energy transition of Europe’s mass passenger transport segment.” Iveco Group N.V. (MI: IVG) is a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain, and related Financial Services arenas. Each of its eight brands is a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly-specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs approximately 34,000 people around the world and has 28 manufacturing plants and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com Hyundai HTWO is a fuel cell system-based hydrogen business brand of Hyundai Motor Group, which has been at the forefront of ushering in the hydrogen economy with the world’s first mass-produced fuel cell electric vehicle (FCEV), Hyundai TUCSON ix35 in 2013, followed by its FCEV lineup, including Hyundai NEXO SUV, ELEC CITY Fuel Cell Bus and XCIENT Fuel Cell heavy-duty truck. With proven fuel cell technology utilized in the automobile sector, Hyundai Motor Group made the decision to expand the provision of fuel cell technology to other automobile OEMs and non-automobile sectors, such as maritime, railway and power generation. In December 2020, Hyundai Motor Group introduced HTWO and continues to develop new hydrogen business opportunities for a better future for all. Media Contacts: Francesco Polsinelli, Tel: +39 335 1776091 Fabio Lepore, Tel: +39 335 7469007 E-mail: mediarelations@ivecogroup.com Attachment 20220713_PR_Iveco_Group_Fuel_Cell_Buses
Hyundai unveils its INITIUM hydrogen fuel cell electric concept vehicle, reinforcing its clear commitment to hydrogen mobility and sustainability The concept showcases the company's new design language 'Art of Steel' and reflects the Hyundai Motor's customer-centric approach Targeted driving range of over 650km[1] with a maximum motor output of 150 kW INITIUM previews new production FCEV coming in the first half of 2025 Hyundai Motor to showcase INITIUM at the LA Auto Show and Auto Guangzhou in November 2024 SEOUL, South Korea, Oct. 31, 2024 /PRNewswire/ -- Hyundai Motor Company today unveiled its INITIUM hydrogen fuel cell electric vehicle (FCEV) concept at its 'Clearly Committed' event held at Hyundai Motorstudio Goyang. Hyundai Motor Reveals Bold and Efficient Hydrogen FCEV Concept Previewing New Design Language INITIUM is a Latin word meaning 'beginning' or 'first', representing Hyundai Motor's status as a hydrogen energy pioneer and its commitment to develop a hydrogen society. INITIUM provides a preview of a new production FCEV that Hyundai Motor plans to unveil in the first half of next year. The concept encapsulates the company's 27 years of hydrogen technology development and reflects its clear commitment to achieving a sustainable hydrogen society. This unique hydrogen fuel cell-powered SUV concept also marks the debut of Hyundai Motor's new design language – called 'Art of Steel' – embodying the character of HTWO, Hyundai Motor Group's dedicated hydrogen value chain business brand. "Hyundai Motor's clear, unwavering commitment to hydrogen over the past 27 years is rooted in our belief in its potential as a clean, accessible and therefore fair energy source for everyone," said Jaehoon Chang, President and CEO of Hyundai Motor Company. "We are dedicated to pioneering a future where hydrogen is used by everyone, in everything, and everywhere. We invite you to join us on this journey." What is Hyundai's new 'Art of Steel' design language? At the unveiling, SangYup Lee, Executive Vice President and Head of Hyundai and Genesis Global Design, presented the INITIUM concept and Hyundai's new 'Art of Steel' design language. "Our challenge began from the manufacturing stage, where we pushed the formability of steel to the extreme to create a form of art," Lee said. "With INITIUM, we've crafted a more SUV-like design that is both solid and safe, reflecting our dedication to our customers through 'customer-centric design'." INITIUM's iconic design integrates the HTWO symbol, representing Hyundai Motor's vision for a future driven by hydrogen. The '+' inspired graphic as part of INITIUM's lighting signature blends with the bumper, creating a distinctive FCEV-specific design cue marked by unique lighting, solid volumes and refined elegance. INITIUM's distinct SUV-like aesthetic seamlessly integrates city living functionality with outdoor adventure capability with its bold lines and solid structure, balancing sturdiness and sophistication. The concept's 21-inch wheels complement the overall design, with the vehicle's rugged roof rack adding practicality for those with both urban and outdoor lifestyles. INITIUM advances FCEV performance, comfort and safety INITIUM's development focused on three primary aspects: superior driving range and enhanced performance, which are key strengths of hydrogen cars; a spacious interior and luggage area, making it ideal for families; and unique convenience and safety features distinctive to hydrogen cars. Hyundai Motor fitted INITIUM with aerodynamic wheels to reduce drag wrapped in low rolling resistance tires, for a targeted driving range of more than 650 km between refueling (estimated driving range calculated with Hyundai Motor's target fuel economy, when tested with 18-inch tire). As for performance, INITIUM offers excellent acceleration and smooth overtaking capability. By further developing Hyundai's fuel cell technology the company has increased the output of the stack and enhanced battery capacity, allowing for an electric motor output of up to 150 kW. This ensures drivers experience smooth driving in urban areas and at higher speeds on highways. INITIUM delivers an impressive level of interior space and versatility suitable for a family SUV, with a large living space for second-row passengers that features seat backs with a large reclining angle for increased comfort. INITIUM's wide body and large rear-door opening angle enhance convenience for rear-seat passengers when getting in and out of the car. INITIUM includes a FCEV-specific route planner that addresses one of the biggest pain points for FCEV buyers: charging infrastructure. With this feature, users can easily plot an optimal route, finding charging stations along the way without having to access a separate app or make a phone call. Users can check the location accessibility and operating status of an identified charging station, as well as the number of waiting vehicles and therefore the possibility of charging. Hyundai Motor plans to showcase INITIUM at the Los Angeles Auto Show and Auto Guangzhou in November, further solidifying its position in the global market as a hydrogen mobility leader. The production version of the INITIUM concept is set to launch in the first half of 2025. [1] Estimated driving range calculated with Hyundai Motor's target fuel economy, when tested with 18-inch tire. Hyundai Motor Reveals Bold and Efficient Hydrogen FCEV Concept Previewing New Design Language
Hyundai Motor Group unveils comprehensive hydrogen technology solutions and a roadmap at H2 MEET 2024, Korea's largest hydrogen industry event The Group is showcasing its hydrogen business and technology under the HTWO, emphasizing its unique capabilities and strong collaboration among affiliates Hydrogen value chain business solutions are exhibited as part of four scenarios: Energy Security, Port & Airport Decarbonization, Industrial Applications & Businesses and Hydrogen Society SEOUL, South Korea, Sept. 25, 2024 /PRNewswire/ -- Hyundai Motor Group (the Group) unveiled its end-to-end hydrogen solutions and roadmap at H2 MEET 2024[1], Korea's largest hydrogen industry exhibition event, running from September 25 to 27 at the Korea International Exhibition Center (KINTEX) near Seoul. HMG Unveils End-to-End Hydrogen Solutions Hydrogen Roadmap at H2 MEET 2024 Under the theme 'Be a First Mover in Hydrogen,' the Group introduced its hydrogen business and technology spanning the entire hydrogen value chain under the HTWO brand. This builds upon its hydrogen vision presentation made at this year's Consumer Electronics Show (CES). H2 MEET 2024 marks the first event in which all the Group's affiliates are participating together under the HTWO. Participating affiliates include Hyundai Motor Company, Hyundai Rotem, Hyundai Steel, Hyundai Engineering, Hyundai E&C and Hyundai Glovis. At its massive H2 MEET booth, the Group is showing four hydrogen value chain business solutions in four scenario-based exhibitions with staff available for explanation at each exhibition corner and digital docents available via smartphones. The first scenario exhibition, 'Energy Security,' introduces the Group's innovative resource-cycle hydrogen production technologies including W2H (Waste-to-Hydrogen) and P2H (Plastic-to-Hydrogen). W2H utilizes organic waste such as food and sewage sludge to produce hydrogen, while P2H utilizes non-recyclable plastic. The exhibition also showcases Korea's very first W2H facility in Chungju that converts food waste into hydrogen and supplies hydrogen to nearby refueling stations. Visitors will also be able to check on Hyundai Motor's field-proven cell system and its reverse electrolysis technology - PEM electrolysis, which is ideal for producing high-purity hydrogen. The exhibit also features Korea's very first PEM electrolysis production facility in Buan, operated by Hyundai E&C, alongside other business cases that run on the hydrogen produced. The second scenario exhibition, 'Port & Airport Decarbonization' introduces hydrogen solutions that can be applied to high-carbon-emitting industrial complexes, including ports and airports. Hyundai Motor successfully deployed a pioneering fleet of 30 Class 8 XCIENT Fuel Cell hydrogen-powered trucks for the NorCAL ZERO Project since last year with an aim to reduce carbon emissions at the port of Oakland in California, U.S. More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Newsroom [1] H2 MEET stands for 'Hydrogen Mobility Energy Environment Technology' HMG Unveils End-to-End Hydrogen Solutions Hydrogen Roadmap at H2 MEET 2024
Hyundai Motor Company and Škoda Group sign a Memorandum of Understanding (MOU) during the Korea-Czech Business Summit in Prague Both parties to cooperate in establishing a hydrogen economy and realizing a sustainable future mobility ecosystem Škoda Group to explore hydrogen mobility expansion by adopting Hyundai's hydrogen fuel cell systems and technologies SEOUL, South Korea and PRAGUE, Sept. 20, 2024 /PRNewswire/ -- Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to commence collaboration on establishing a hydrogen mobility ecosystem. Hyundai Motor Company and Škoda Group sign a Memorandum of Understanding (MOU) to commence collaboration on establishing a hydrogen mobility ecosystem (Source: Korea Chamber of Commerce and Industry) The signing ceremony, which took place at the Korea-Czech Republic Business Summit in Prague, was attended by Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, and Petr Novotný, CEO of Škoda Group. The MOU covers study on adoption of hydrogen fuel cell systems and technologies, study on adoption of energy efficient solutions for mobility projects and products, and exploring hydrogen ecosystem and value chain opportunities beyond mobility. "Our partnership with Škoda Group aims to accelerate hydrogen adoption, which would contribute to the advancement of hydrogen technology and carbon neutrality across global markets, including the Czech Republic," said Executive Vice President Ramírez. "Together with Škoda Group, we strive to lead the rapidly growing hydrogen businesses by creating positive synergies between our fuel cell technology and Škoda Group's mobility products and projects." "We believe that hydrogen, alongside energy-efficient solutions, will play an essential role in transforming mobility for a more sustainable future. Our collaboration with Hyundai Motor Company aims at enabling us to look beyond national borders and explore wider markets where these technologies can have a larger impact. By working together, we can bring innovative, eco-friendly solutions to the global mobility ecosystem, advancing cleaner energy in the areas where it's needed most," said Petr Novotný, CEO of Škoda Group. Both parties share the view that hydrogen will be a key pillar for a sustainable society, starting with mobility. As part of the MOU, the parties will explore the possibility that Hyundai would share its fuel cell system and technology, contributing to the acceleration of eco-friendly mobility across global markets where Škoda Group operates, including the Czech Republic. Hyundai Motor Company and Škoda Group will also conduct feasibility studies for fuel cell system applications for diverse utilization beyond mobility. Leveraging its global expertise and insights in operating various hydrogen applications in both mobility and energy sectors, Hyundai is poised to play a pivotal role in aiding the energy transition. Hyundai Motor Group is committed to building a hydrogen society under its hydrogen value chain business brand HTWO, which encompasses the Group's businesses and affiliates, enabling each stage of the entire hydrogen value chain. Hyundai Motor Manufacturing Czech (HMMC) in Nošovice, established in 2008, has an annual manufacturing capacity of 350,000 vehicles. Considered one of the most modern car manufacturers in Europe, the manufacturing plant was also the largest foreign investment in the Czech Republic. – End –
Hyundai Motor details a flexible response approach to market conditions and focus on electrification through its 'Hyundai Way' strategy … Targeting 5.55 million annual global sales by 2030, up 30% from 2023 … Aiming to sell 2 million EVs per year globally by 2030 … Plan to introduce new EREV models, a new type of EV with a range of more than 900 km on a single charge, in North America and China … Aiming to offer a full lineup of 21 EV models by 2030, ranging from affordable to luxury and high-performance Introducing enhanced next-generation hybrid system with improved performance and fuel efficiency … Plans to expand HEV offerings to 14 models from the current seven; Genesis luxury brand will also offer hybrid models Continuously pushing for battery technology internalization; develop affordable NCM batteries and strengthen safety technology Plans to commercialize autonomous driving vehicle foundry business; to supply autonomous vehicles to global autonomous driving software firms Aiming to secure top-tier energy leadership during the energy transition period by strengthening Group-wide hydrogen technology capabilities across the value chain Plan to make a significant investment of KRW 120.5 trillion through 2033 to support the 'Hyundai Way' strategy Employ new target shareholder return (TSR) of over 35% and rollout of a share buyback scheme of up to KRW 4 trillion from 2025 to 2027 SEOUL, South Korea, Aug. 28, 2024 /PRNewswire/ -- Hyundai Motor Company hosted its 2024 CEO Investor Day today, unveiling its new mid- to long-term strategy, the 'Hyundai Way'. Hyundai Motor 2024 CEO Investor Day At the event, the company disclosed its commitment to enhancing its electric vehicle (EV) and hybrid competitiveness, advancing its battery and autonomous vehicle technologies, and expanding its vision as an energy mobilizer, responding to the market environment flexibly with its dynamic capabilities. "Under the Hyundai Way, we will respond to the market with agility thanks to Hyundai's unique flexible response system. This will secure sustainable leadership in an uncertain market environment and strategically position the company to create a future centered on mobility and energy," said Jaehoon Chang, President and CEO of Hyundai Motor Company. "Hyundai will strengthen its position as a game changer by expanding beyond vehicle manufacturing to various forms of mobility. By enhancing the role of energy business operators and realizing a hydrogen society, we intend to transform into a company that can maintain global top-tier leadership in the era of energy transition." In 2024, Hyundai Motor secured its profitability and EV competitiveness in the market. These achievements were recognized by global rating agencies as the company earned an 'A-grade' credit rating from major global credit rating agencies. Moreover, with a global sales annual volume of 4.21 million units in 2023, Hyundai Motor helped Hyundai Motor Group to become one of the top three automakers globally. 'Hyundai Way' Detailed Strategies & Targets 'Hyundai Way' Detailed Strategies Sales & Financial Targets ○ Hyundai Dynamic Capabilities ‒ Expand hybrid lineup from 7 to 14 models (incl Genesis) ‒ New EREV to serve as key bridge to full electrification ‒ Full EV lineup of 21 models by 2030 ‒ Develop new affordable NCM battery & safety tech ○ Mobility Game Changer ‒ Autonomous vehicle foundry business ‒ Next-generation infotainment system & open ecosystem ‒ Reveal SDV Pace Car equipped with High-Performance Vehicle Computer (HPVC) architecture in 2026 ○ Energy Mobilizer ‒ Expand the HTWO fuel cell system lineup ‒ Clean logistics business starting with HMGMA ○ Global Sales Targets ‒ 5.55 million units by 2030 ‒ 2 million EV sales by 2030 ○ Mid-to long-term Investment Plans ‒ Total: KRW 120.5 trillion (2024 ~ 2033) ▲ R&D KRW 54.5 trillion ▲ CAPEX KRW 51.6 trillion ▲ Strategic Investment KRW 14.4 trillion ○ Profitability Target ‒ 2030 OP margin over 10% (consolidated basis) ○ Expanding Shareholder Return Policy ‒ 2024 annual dividend: min. KRW 10,000 ‒ 2025 – 2027 New total shareholder return (TSR) concept: 35%+ Target annual average ROE 11 ~ 12% Quarterly dividend of KRW 2,500 More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai
Hyundai Motor President and CEO Jaehoon Chang appointed as Hydrogen Council Co-Chair, building on Hyundai Motor Group's legacy as key Council member President and CEO Chang to actively engage in activities to promote the global hydrogen economy and propose solutions for future energy transition BRUSSELS and SEOUL, South Korea, June 18, 2024 /PRNewswire/ -- The Hydrogen Council has announced Hyundai Motor Company President and CEO Jaehoon Chang as its new Co-Chair, joining Sanjiv Lamba, CEO of Linde. Hyundai Motor President and CEO Jaehoon Chang Announced as New Co-Chair of Hydrogen Council Together, the two Co-Chairs will work closely with Hydrogen Council member CEOs as the organization enters its next chapter, focused on unlocking the potential demand for a global hydrogen economy and creating a framework for international trade and accelerated investment. President and CEO Chang takes over from Yoshinori Kanehana, Chairman of Kawasaki Heavy Industries, Ltd., who served as Co-Chair for the past two and a half years. His appointment follows Hyundai Motor Group Executive Chair Euisun Chung, who led the Council from January 2019 to July 2020. Hyundai and its Commitment to Hydrogen Hyundai Motor has been dedicated to the development of hydrogen technologies since establishing a Fuel Cell research and development division in 1998. Through continuous investment and research, Hyundai Motor has strengthened its leadership in the hydrogen sector, including: The independent development of a fuel cell stack in 2004 The world's first mass production of a Fuel Cell Electric Vehicle (FCEV), the Tucson ix35 FCEV, in 2013 Mass production of the NEXO, the first dedicated FCEV, in 2018; and the world's first mass production of XCIENT Fuel Cell, heavy duty hydrogen-powered truck, in 2020. At CES 2024, Hyundai Motor revealed its plans to expand HTWO, the brand for its hydrogen fuel cell system. Originally introduced in 2020, HTWO encompasses the entire hydrogen value chain business for the Hyundai Motor Group, covering production, storage, transportation, and utilization. In May, Hyundai Motor shared its hydrogen vision and introduced its U.S. clean logistics business at the Advanced Clean Transportation (ACT) Expo 2024, consistently reinforcing its leading position in advancing the hydrogen ecosystem through diverse business projects globally. Also, XCIENT Fuel Cell electric heavy-duty trucks recently surpassed a cumulative driving distance of 10 million km in Swiss fleet operations — a testament to the world-class hydrogen fuel cell technology's long-term reliability. As President and CEO of Hyundai Motor Company, Jaehoon Chang has been actively engaged in activities to promote the creation of a hydrogen economy and to propose practical solutions for future energy transition. In his new role as Co-Chair, he will discuss global hydrogen energy demand and closely cooperate with CEOs of the Hydrogen Council's member organizations to accelerate global trade and investment. "The Hydrogen Council is a crucial initiative in our global energy transition effort," said Jaehoon Chang, President and CEO of Hyundai Motor Company. "I am delighted to be appointed as Co-Chair and I look forward to working with fellow hydrogen leaders to drive innovation and advance deployment."
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