Hyundai becomes shareholder in H2 Mobility
This move makes Hyundai the first shareholder outside of the circle of founding members.
Hyundai Motor has acquired shares in H2 Mobility Deutschland GmbH & Co. KG, the player responsible for the nationwide development of a hydrogen infrastructure in Germany.
The Hyundai Motor Company will be represented by Hyundai Motor Deutschland GmbH at the shareholders’ meeting. Hyundai is the seventh shareholder alongside the founding members Total, Shell, OMV, Linde, Air Liquide and Daimler.
Hyundai will work with H2 Mobility to develop a hydrogen ecosystem that meets the needs of society even beyond mobility.
“Hyundai Motor underlines its strong commitment to fuel cell technology by actively supporting the development of a hydrogen infrastructure,” said Michael Cole, President and CEO of Hyundai Motor Europe. “Combining our experience in hydrogen fuel cell systems and H2 MOBILITY’s years of hydrogen infrastructure development, this partnership will empower us to make significant headway toward creating a clean hydrogen ecosystem.”
The initial goal is to operate 100 stations in seven German metropolitan regions as well as along truck roads and motorways.
