Hyundai Motor to Turn the Bus Market in the Capital Area Upside Down… 480 Hydrogen Buses to Be Deployed by 2032

*This content was translated by AI.

Hyundai Motor is teaming up with major domestic transportation companies, hydrogen charging operators, and relevant institutional investors to activate the rollout of hydrogen buses through the expansion and construction of charging infrastructure.

On the 16th, Hyundai Motor announced that it signed a multilateral memorandum of understanding (MOU) titled "Expansion of Hydrogen Mobility Deployment Through Innovation in Charging Infrastructure" with Seonjin Group, Hynet, the Korea Automobile Environment Association, and the Korea Natural Gas-Hydrogen Charging Association at its UX Studio Seoul located on Hyundai Motor Gangnam-daero headquarters building on the 15th. Attendees at the signing ceremony included Hyundai Motor Business Executive Noh Be-i-syeon (Head) Park Seung-won (SVP), Incheon Ji Yeok-bon (Director) Kim Ryeon-u (SVP), Seonjin Group Shin Jae-ho (Chairman), Vice Chairman Park Hong-je, Hynet Director Song Seong-ho (CEO), Korea Automobile Environment Association Hwang Gye-yeong (Chairman), and Korea Natural Gas-Hydrogen Charging Association President Kang Jeong-gu.

The purpose of this MOU is for Seonjin Group to proactively introduce hydrogen buses on major bus routes in the capital area and to expand and construct supporting charging infrastructure. As a large-scale bus transportation group operating approximately 1,700 buses through 17 transportation companies in the capital area and Honam region, Seonjin Group plans to convert existing CNG charging stations at its depots in Gimpo and Paju into hydrogen fueling stations during the cooperation process. It also aims to gradually introduce a total of 480 hydrogen buses by 2032.

Hynet will be responsible for constructing and operating large-capacity hydrogen charging stations within designated depot sites, while the Korea Automobile Environment Association and the Korea Natural Gas-Hydrogen Charging Association will support hydrogen station construction and infrastructure activation, respectively. Hyundai Motor plans to contribute to creating a stable operating environment by supplying hydrogen buses to Seonjin Group on schedule and providing specialized maintenance training for hydrogen buses.

Following agreements with major transportation companies such as KD Transport Group and K1 Mobility to transition to hydrogen buses, Hyundai Motor is committed to actively leading the shift of public transportation in the capital area toward hydrogen mobility through its MOU with Seonjin Group.

A Hyundai Motor representative stated that the company supports all processes from identifying optimal sites to matching professional construction firms for transportation companies and local governments requiring hydrogen charging stations, taking the lead in expanding charging infrastructure. Hyundai Motor plans to continue leading the expansion of the hydrogen mobility ecosystem based on effective multilateral cooperation models in the future.

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*This content was translated by AI.