HYUNDAI CALLS FOR COOPERATION TO TACKLE GLOBAL CLIMATE PROBLEMS
By the end of 2018 Hyundai Motor Group confirmed the announcement of the FCEV Vision 2030 plan to intensify the development of a hydrogen company by using the fuel cell technologies of the group. Now executive Vice Chairman Euisun Chung of Hyundai Motor Group has been appointed as the new co-chairman of the Hydrogen Council, a global coalition with more than 50 prominent energy, transport and industry partners with a shared vision on the integral role of hydrogen in a clean energy transition.
In his new role, Chung calls for increased international cooperation to tackle global climate problems using hydrogen technology. Hyundais FCEV Vision 2030 includes a plan to drastically increase the annual production capacity for fuel cell systems to 700,000 units by 2030. With this, Hyundai Motor Group anticipates the expected stormy growth in demand for cars with a fuel cell.
Chung shares the co-chairmanship with Air Liquide chairman Benoit Potier. In an official blog of the World Economic Forum (WEF) - published at the annual meeting in Davos, Switzerland - Chung and Potier emphasize the need for multilateral cooperation to accelerate global hydrogen development. The Co-Presidents maintain the view that public-private partnerships are the only way to convert the hydrogen economy from an idea to a real catalyst for energy transition.
Through the joint leadership of the Hydrogen Council with Potier, Chung hopes to contribute to the realization of an emission-free hydrogen energy company that will help tackle global climate challenges for future generations.