Hyundai is considering a collaboration with Canada’s hydrogen energy sector to support the country’s clean-energy transition, the company told CBC News. This follows a recent agreement between South Korea and Canada to cooperate in key industries like auto and battery manufacturing. While Hyundai has no immediate plans to open a manufacturing plant in Canada, it is reviewing opportunities in hydrogen energy.
Hydrogen-powered vehicles offer longer ranges and faster refueling than electric cars, but require new infrastructure, a challenge many companies avoid. Hyundai remains committed to hydrogen technology, even as competitors like Stellantis and General Motors scale back their fuel cell programs. The company believes hydrogen has significant potential, especially for heavy-duty vehicles.
With a 12% market share in Canada, Hyundai sees value in partnering with the country’s hydrogen sector. Despite risks, including a 2024 recall of NEXO vehicles due to fuel leaks, Hyundai continues to invest in hydrogen as a key part of the automotive future. Experts suggest this could align with Canada’s advancements in hydrogen technology nationwide.
