October 29, 2020

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    Hyundai Nexo images

    Hyundai Motor also introduced new ways to motivate the trend of fuel cell electric vehicles

    Hyundai Motor has started sales of its Hyundai Nexo fuel cell electric vehicle today in Korea following very successful pre-orders.

    Before retail sales commencing, the Hyundai Nexo had been met with large public interest, with an amounted 1,061 vehicles being ordered during the pre-order period from March 19-26, 2018. Just on the initial day of pre-order availability, Hyundai Nexo recorded order of 733 vehicles.

    “We are witnessing a historic day as fuel cell technology is being commercialized in large quantities. With this positive beginning, we will continue our efforts in overseas markets to support fostering the newly developing fuel cell vehicle market”, stated Byung Kwon Rhim, Executive Vice President of Hyundai in charge of Global Operations Division.

    On the same day, Hyundai provided the vehicles to both local governments of the city of Ulsan and Gwangju in South Korea. The ceremony in Ulsan occurred at the hydrogen house, made through joint efforts from Hyundai and Ulsan city, where as in Gwangju the ceremony occurred at the recently built DongGok hydrogen multi energy station. Both local governments have shown their intention to broaden hydrogen refueling infrastructure.

    Hyundai Motor also introduced new ways to promote the further spread of fuel cell electric vehicles. Hyundai declared a 10-year, 160,000km warranty for fuel cell components to encourage consumers of the durability and reliability of fuel cell electric vehicles marketed in Korea. In addition to that, Hyundai announced it has secured personnel and equipment to service Hyundai Nexo vehicles in each of its 22 service networks in the country.

    The cost of the fuel cell electric vehicle is 68,900,000 KRW for the Modern trim and 72,200,000 KRW for the Premium trim in South Korea. The Government subsidy could reach the highest of 35,000,000 KRW, with a central government’s subsidy for fuel cell electric vehicle of 22,500,000 KRW and a local government’s subsidy varying from 10,000,000 – 12,500,000 KRW. The final purchase cost could be as small as 33,900,000 KRW for the Modern trim and 37,200,000 KRW for the Premium trim.

    Cost of Hyundai Nexo for foreign market will be revealed at later date near to their market releases.


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