Toyota, Hyundai chairmen to meet in Seoul for hydrogen alliance

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Toyota, Hyundai chairmen to meet in Seoul for hydrogen alliance - Korea Economic Daily

Quick Summary:

FOR A WIN-WIN Hyundai Motor Co., Korea’s largest car seller under Hyundai Motor Group, last month agreed on a strategic partnership with US auto giant General Motors Co.to jointly produce clean hydrogen in the US and develop future mobility solutions such as hydrogen fuel-cell cars and EVs.

The leaders of Toyota Motor Corp.and Hyundai Motor Group will meet in South Korea later this month, raising expectations for a deepening partnership between the world’s No.1 and No.3 auto groups in future mobility technology.

Toyoda’s possible visit to Seoul was exclusively reported by The Korea Economic Daily last month, which said Toyota chairman accepted an invitation from Hyundai Motor Chairman Chung Euisun to visit Korea, and the two companies were ironing out details about the two chiefs’ meeting in South Korea.