Hyundai Motor Group and POSCO have formed a new hydrogen partnership, through which they will jointly develop hydrogen energy utilisation technologies.
Announcing details of partnership earlier this week (16th Feb), the companies said they will convert POSCO Steelworks’ work vehicles to hydrogen alternatives.
It is thought approximately 1,500 vehicles operated at POSCO Pohang and Gwangyang Works will be converted to Hyundai Motor’s pollution-free hydrogen electric vehicles in stages.
Hyundai Motor Company plans to develop commercial hydrogen trucks in consideration of the characteristics of heavy-duty steel logistics, and POSCO plans to use by-product hydrogen produced in steel mills as the energy source for hydrogen trucks.
The two companies also agreed to cooperate with the construction of a hydrogen charging station for hydrogen trucks in the steel mill.
A business agreement for the commitment was signed at POSCO Cheongsong University.