Hyundai Motor delays launch of upgraded Nexo hydrogen car – newspaper – Reuters

June 30, 2022 by No Comments

The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly/File Photo

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SEOUL, June 29 (Reuters) – Hyundai Motor Co (005380.KS) has decided to delay the launch of its upgraded hydrogen-powered Nexo SUV to 2024 due to issues with its fuel cell development, a South Korean newspaper reported on Wednesday, citing the auto parts industry.

The South Korean automaker had planned to kick off mass production and sales of its new Nexo in the second half of next year, but has decided to postpone to 2024, the Seoul Economic Daily reported. The Nexo was launched in 2018.

The report also said the launch schedule for hydrogen fuel cell vehicles at Hyundai Motor’s premium brand Genesis had not been decided yet, as the project to develop the first Genesis brand fuel cell vehicles was suspended late last year.

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Hyundai Motor did not have comment.

Hyundai sold 3,978 Nexos in South Korea and exported 120 between January and May this year, according to the company’s sales data.

In September, Hyundai Motor Group, which houses Hyundai Motor, Kia Corp (000270.KS) and Genesis, announced plans to offer hydrogen fuel cell versions for all its commercial vehicles by 2028, adding it would develop fuel cell vehicles for Kia and Genesis that could be launched after 2025. read …….

Source: https://www.reuters.com/business/autos-transportation/hyundai-motor-delays-launch-upgraded-nexo-hydrogen-car-newspaper-2022-06-29/

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