STOCK TITAN

Hyundai Motor Unveils Next Step in its Hydrogen Legacy with new INITIUM FCEV Concept

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags

Hyundai Motor Company unveiled its INITIUM hydrogen fuel cell electric vehicle (FCEV) concept at the 'Clearly Committed' event in Korea. The concept previews a new production FCEV planned for release in the first half of next year, showcasing the company's new 'Art of Steel' design language. The INITIUM represents Hyundai's 27-year legacy in hydrogen technology development and its commitment to developing a hydrogen society. Earlier this year at CES 2024, Hyundai launched its HTWO hydrogen value chain business, introducing HTWO Grid – an end-to-end hydrogen energy solution covering production, storage, transportation, and utilization.

Hyundai Motor Company ha presentato il suo concetto di veicolo elettrico a celle a combustibile a idrogeno (FCEV) INITIUM durante l'evento 'Clearly Committed' in Corea. Il concetto anticipa un nuovo FCEV in produzione previsto per il rilascio nella prima metà del prossimo anno, mettendo in mostra il nuovo linguaggio di design 'Art of Steel' dell'azienda. L'INITIUM rappresenta il patrimonio di 27 anni di Hyundai nello sviluppo della tecnologia dell'idrogeno e il suo impegno per la creazione di una società a idrogeno. All'inizio di quest'anno al CES 2024, Hyundai ha lanciato la sua attività sulla catena del valore dell'idrogeno HTWO, introducendo HTWO Grid – una soluzione energetica a idrogeno completa che copre produzione, stoccaggio, trasporto e utilizzo.

Hyundai Motor Company presentó su concepto de vehículo eléctrico de celda de combustible de hidrógeno (FCEV) INITIUM en el evento 'Clearly Committed' en Corea. El concepto anticipa un nuevo FCEV programado para lanzarse en la primera mitad del próximo año, mostrando el nuevo lenguaje de diseño 'Art of Steel' de la empresa. El INITIUM representa el legado de 27 años de Hyundai en el desarrollo de tecnología de hidrógeno y su compromiso con el desarrollo de una sociedad de hidrógeno. A principios de este año en CES 2024, Hyundai lanzó su negocio de cadena de valor de hidrógeno HTWO, presentando HTWO Grid – una solución de energía de hidrógeno integral que abarca producción, almacenamiento, transporte y utilización.

현대자동차가 한국에서 열린 'Clearly Committed' 행사에서 INITIUM 수소 연료 전지 전기차(FCEV) 콘셉트를 공개했습니다. 이 콘셉트는 내년 상반기 출시 예정인 새로운 생산 FCEV를 미리 보여주며, 현대차의 새로운 디자인 언어인 'Art of Steel'을 선보입니다. INITIUM은 현대차의 27년간 수소 기술 개발의 유산을 대표하며, 수소 사회 발전에 대한 의지를 나타냅니다. 올해 초 CES 2024에서 현대차는 HTWO 수소 가치 사슬 사업을 론칭하고, 생산, 저장, 운송 및 활용을 아우르는 엔드 투 엔드 수소 에너지 솔루션인 HTWO Grid를 소개했습니다.

Hyundai Motor Company a dévoilé son concept de véhicule électrique à hydrogène à pile à combustible (FCEV) INITIUM lors de l'événement 'Clearly Committed' en Corée. Ce concept préfigure un nouveau FCEV programmé pour être lancé dans la première moitié de l'année prochaine, mettant en avant le nouveau langage de design 'Art of Steel' de l'entreprise. L'INITIUM représente l'héritage de 27 ans de Hyundai dans le développement de la technologie de l'hydrogène et son engagement à créer une société à hydrogène. Plus tôt cette année, lors du CES 2024, Hyundai a lancé son activité de chaîne de valeur de l'hydrogène HTWO, introduisant HTWO Grid – une solution énergétique à hydrogène de bout en bout qui couvre la production, le stockage, le transport et l'utilisation.

Die Hyundai Motor Company stellte ihr INITIUM Wasserstoff-Brennstoffzellen-Elektrofahrzeug (FCEV) Konzept bei der Veranstaltung 'Clearly Committed' in Korea vor. Das Konzept gibt einen Ausblick auf ein neues Produktions-FCEV, das für die erste Jahreshälfte des nächsten Jahres geplant ist und zeigt die neue Designsprache 'Art of Steel' des Unternehmens. Das INITIUM repräsentiert Hyundais 27-jährige Tradition in der Entwicklung von Wasserstofftechnologie und sein Engagement für die Schaffung einer Wasserstoffgesellschaft. Anfang dieses Jahres auf der CES 2024 hat Hyundai sein HTWO Wasserstoff-Wertschöpfungsketten-Geschäft gestartet und HTWO Grid vorgestellt – eine umfassende Wasserstoffenergie-Lösung, die Produktion, Speicherung, Transport und Nutzung abdeckt.

Positive
  • Preview of new FCEV production model scheduled for first half of 2025
  • Launch of HTWO hydrogen value chain business expanding company's market presence
  • 27 years of established expertise in hydrogen technology development
Negative
  • None.
  • Hyundai Motor Company holds 'Clearly Committed' event in Korea to reinforce its vision for a hydrogen future
  • INITIUM hydrogen fuel cell concept vehicle showcases the company's new 'Art of Steel' design language and reflects Hyundai Motor's customer-centric approach
  • Hyundai Motor Group Executive Chair Euisun Chung underscores commitment to HTWO hydrogen business brand following CES 2024 debut

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.

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.

"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."

Hyundai Motor launched its HTWO hydrogen value chain business brand earlier this year at CES 2024, highlighting how Hyundai Motor Group Executive Chair Euisun Chung is focusing the Group's efforts on hydrogen energy.

Unveiling its vision for HTWO Grid – an end-to-end hydrogen energy solution that spans production, storage, transportation and utilization – Executive Chair Chung expressed the Group's commitment to actively participate in the development of a hydrogen society and underscored the Group's capabilities to achieve this goal, highlighting that "The shift to hydrogen energy is for future generations."

Past, present and future: Hyundai Motor's hydrogen vehicle development

Hyundai Motor hosted a Hydrogen Heritage Talk session, showcasing its 27-year history of FCEV development. The panel talk between executives allowed visitors to experience and engage with Hyundai Motor's dedication to the development of FCEVs.

For the new millennium Hyundai Motor began its ambitious Mercury Project, aimed at bridging ground to industry leaders, and the Polaris Project, which focused on the independent development of the company's core fuel cell stack technology.

In 2005 Hyundai Motor established its Mabuk Environmental Technology R&D Center, accelerating the development of hydrogen fuel cell vehicles. At the time, Hyundai Motor Group Honorary Chairman Mong-Koo Chung encouraged researchers at the facility to push boundaries, empowering them to pursue engineering challenges with courage and confidence.

"You can never make something great by creating it just once," Chung said. "Don't worry about budget, let young engineers try making every type of car they dream of. There's no need to save money by developing the same car 100 times over. It's fine if all 100 models are completely different to each other."

Hyundai's hydrogen evolution saw it become the world's first automaker to mass-produce hydrogen FCEVs, introducing its first dedicated hydrogen fuel cell model in 2018. These FCEV development achievements highlight Hyundai Motor's clear commitment to creating a better tomorrow.

More information about Hyundai Motor and its products can be found at: https://www.hyundai.com/worldwide/en/ or Newsroom: Media Hub by Hyundai 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/hyundai-motor-unveils-next-step-in-its-hydrogen-legacy-with-new-initium-fcev-concept-302292718.html

SOURCE Hyundai Motor Company

FAQ

When will Hyundai (HYMTF) release its new INITIUM FCEV production model?

Hyundai plans to unveil the production version of the INITIUM FCEV concept in the first half of 2025.

What is Hyundai's (HYMTF) HTWO Grid initiative?

HTWO Grid is Hyundai's end-to-end hydrogen energy solution that covers production, storage, transportation, and utilization, launched at CES 2024.

How long has Hyundai (HYMTF) been developing hydrogen technology?

Hyundai has been developing hydrogen technology for 27 years, becoming the world's first automaker to mass-produce hydrogen FCEVs.

HYUNDAI MOTOR REG S

OTC:HYMTF

HYMTF Rankings

HYMTF Latest News

HYMTF Stock Data

35.70B
43.85M
0.14%
Auto Manufacturers
Consumer Cyclical
Link
United States of America
Seoul