Hyundai to invest $9.3 billion in hydrogen fuel-cell development

The Hyundai Motor Group, along with its suppliers, plans on spending $7.6 trillion ($9.3 billion) on hydrogen fuel-cell development and production upgrades. As part of its FCEV Vision 2030, unveiled overnight, the company aims to build 700,000 fuel-cell systems per year by 2030. About 500,000 of those will be used in fuel-cell passenger cars and commercial vehicles, with the remainder employed in power generators and other forms of transport, including drones, boats, trains and forklifts.