{"id":119340,"date":"2021-08-04T23:33:51","date_gmt":"2021-08-04T23:33:51","guid":{"rendered":"https:\/\/fin2me.com\/?p=119340"},"modified":"2021-08-04T23:33:51","modified_gmt":"2021-08-04T23:33:51","slug":"hyundai-to-take-stake-in-german-hydrogen-fuelling-group-h2-mobility","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/hyundai-to-take-stake-in-german-hydrogen-fuelling-group-h2-mobility\/","title":{"rendered":"Hyundai to take stake in German hydrogen fuelling group H2 Mobility"},"content":{"rendered":"

FRANKFURT (Reuters) – Hyundai Motor Co will invest in Germany\u2019s H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks to support infrastructure for fuel cell-powered vehicles.<\/p>

A Hyundai booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S. January 16, 2018. REUTERS\/Jonathan Ernst\/Files<\/figcaption>

A partner in the project since 2017, Hyundai Motor\u2019s German subsidiary will become a seventh shareholder shortly, it said, having received approval from Germany\u2019s cartel office.<\/p>\n

The South Korean company did not disclose financial details.<\/p>\n

It joins investors including France\u2019s Total, Shell, OMV, industrial gas makers Linde and Air Liquide, and carmaker Daimler.<\/p>\n

\u201cIn Germany, a lot of money is flowing into the topic of hydrogen through the European Union Green Deal and national funding, and we believe that we are at the forefront,\u201d said Ronald Grasman, vice president of fuel cell business development at Hyundai Motor Company.<\/p>\n

Fuel cell cars are far from mass market production.<\/p>\n

But Hyundai, which is introducing fuel cell trucks in Switzerland, believes hydrogen technology could also play a bigger role in small vehicles further down the road.<\/p>\n

H2 Mobility operates 91 hydrogen filling stations and is expanding.<\/p>\n

H2 Mobility Managing Director Nikolas Iwan said the group was looking for anchor customers to bring big volumes to the stations, hoping this will allow them to reach break even within two to three years.<\/p>\n

\u201cThis is why Hyundai is so important. They have the lead when it comes to scaling effects, especially in the area of commercial vehicles,\u201d he said.<\/p>\n

Hyundai, the biggest-selling Asian carmaker in Germany, had a 3.7% share of the market in January-July 2021 supplying a mix of conventional, electric and fuel-cell vehicles.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FRANKFURT (Reuters) – Hyundai Motor Co will invest in Germany\u2019s H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks […]<\/p>\n","protected":false},"author":3,"featured_media":119339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nHyundai to take stake in German hydrogen fuelling group H2 Mobility - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/hyundai-to-take-stake-in-german-hydrogen-fuelling-group-h2-mobility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyundai to take stake in German hydrogen fuelling group H2 Mobility - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FRANKFURT (Reuters) – Hyundai Motor Co will invest in Germany\u2019s H2 Mobility network of hydrogen fuelling station operators, it said on Thursday, as it looks [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/markets\/hyundai-to-take-stake-in-german-hydrogen-fuelling-group-h2-mobility\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-04T23:33:51+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2021\/08\/Hyundai-to-take-stake-in-German-hydrogen-fuelling-group-H2-Mobility.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/markets\/hyundai-to-take-stake-in-german-hydrogen-fuelling-group-h2-mobility\/\",\"url\":\"https:\/\/fin2me.com\/markets\/hyundai-to-take-stake-in-german-hydrogen-fuelling-group-h2-mobility\/\",\"name\":\"Hyundai to take stake in German hydrogen fuelling group H2 Mobility - 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