Toyota chairman to visit Seoul, discuss hydrogen cars with Hyundai’s Chung

Quick Summary:

Akio Toyoda, chairman of Japan’s top automaker Toyota Motor Corp., will fly to Seoul in late October, to meet with Hyundai Motor Group Chairman Chung Euisun and discuss business cooperation, including on hydrogen vehicles, people familiar with the matter said on Monday.

INVESTMENTS IN HYDROGEN PROJECTSHyundai Motor Group is considered one of the most active automakers in developing hydrogen vehicles and the hydrogen ecosystem, with its planned investment of 11.1 trillion won ($8.3 billion) in hydrogen cars and fuel cells by 2030.

THINGS IN COMMONToyota Motor Group ranked top with 11.23 million vehicle sales in 2023, followed by Volkswagen with 9.24 million units and Hyundai Motor Group with 7.3 million units.

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Category: Economy

Markets: South KoreaGermanyIndiaJapan

Topics: Vehicle Chairman Group Hydrogen Vehicles Million Toyota Units Hyundai Sales Motor

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Article Type: News Report

Published On: 2024-09-02 @ 18:04:36 (1 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

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