AVN 61.95 Increased By ▲ 3.60 (6.17%)
BOP 10.30 No Change ▼ 0.00 (0%)
CHCC 136.03 Increased By ▲ 0.38 (0.28%)
DCL 9.75 Decreased By ▼ -0.10 (-1.02%)
DGKC 108.18 Increased By ▲ 1.28 (1.2%)
EFERT 67.70 Increased By ▲ 0.30 (0.45%)
EPCL 31.75 Decreased By ▼ -0.05 (-0.16%)
FCCL 21.53 Decreased By ▼ -0.01 (-0.05%)
FFL 13.63 Increased By ▲ 0.37 (2.79%)
HASCOL 13.86 Decreased By ▼ -0.02 (-0.14%)
HBL 129.25 Increased By ▲ 0.87 (0.68%)
HUBC 81.65 Increased By ▲ 1.05 (1.3%)
HUMNL 9.27 Increased By ▲ 0.05 (0.54%)
JSCL 17.46 Increased By ▲ 1.27 (7.84%)
KAPCO 24.54 Increased By ▲ 0.06 (0.25%)
KEL 3.83 Increased By ▲ 0.28 (7.89%)
LOTCHEM 13.12 Increased By ▲ 0.22 (1.71%)
MLCF 36.54 Increased By ▲ 1.22 (3.45%)
OGDC 113.96 Increased By ▲ 0.19 (0.17%)
PAEL 35.28 Increased By ▲ 2.09 (6.3%)
PIBTL 11.70 Increased By ▲ 0.37 (3.27%)
PIOC 91.30 Increased By ▲ 1.71 (1.91%)
POWER 9.94 Decreased By ▼ -0.12 (-1.19%)
PPL 100.46 Decreased By ▼ -0.14 (-0.14%)
PSO 183.25 Decreased By ▼ -0.23 (-0.13%)
SNGP 54.00 Increased By ▲ 0.60 (1.12%)
STPL 11.71 Increased By ▲ 0.08 (0.69%)
TRG 55.86 Increased By ▲ 3.03 (5.74%)
UNITY 12.79 Increased By ▲ 0.55 (4.49%)
WTL 1.55 Increased By ▲ 0.29 (23.02%)
BR100 4,210 Increased By ▲ 25 (0.6%)
BR30 21,542 Increased By ▲ 53 (0.25%)
KSE100 40,351 Increased By ▲ 185 (0.46%)
KSE30 17,471 Increased By ▲ 47 (0.27%)
COVID-19 TOTAL DAILY
CASES 282,645 782
DEATHS 6,052 17
Sindh 122,759 Cases
Punjab 94,040 Cases
Balochistan 11,821 Cases
Islamabad 15,182 Cases
KP 34,432 Cases
Business

Hyundai to boost fuel cell system output 13-fold by 2022

SEOUL: South Korea's Hyundai Mobis Co Ltd  plans to increase production capacity of its fuel cell systems mainly used in

11 Dec 2018

SEOUL: South Korea's Hyundai Mobis Co Ltd  plans to increase production capacity of its fuel cell systems mainly used in hydrogen-powered cars by 13 times through 2022, its parent group said on Tuesday.

The parts affiliate of Hyundai Motor Co and Kia Motors Corp aims to raise fuel cell system production to 40,000 units per year by 2022, from 3,000 units at present.

By 2030, Hyundai Motor said it and its suppliers planned to invest 7.6 trillion won ($6.76 billion) in research and development and to expand facilities related to fuel cell systems.

ES Chung, heir apparent of Hyundai Motor Group, on Tuesday attended the ground-breaking ceremony of a fuel cell factory with South Korea's industry minister.

Chung said Hyundai would lead the hydrogen society as a "first mover".

The South Korean firm said it would supply fuel cell systems to makers of drones and forklift trucks.

Copyright Reuters, 2018