Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, fell by over 2% year-on-year to 372,543 units in the first quarter of 2023 after growing just 1.6% to 364,641 units in the fourth quarter of last year.

This moves comes on the back of a major repower bus order in the Capital and to combat competition primarily coming from Chinese OEMs.

June saw Hyundai sign a memorandum of understanding with the South Korean Ministry of Environment, the Seoul Metropolitan Government and others to convert more than 1,300 public transportation vehicles to hydrogen fuel cell power by 2026.

The strong sales growth came about despite economic growth continuing to slow sharply in the first quarter to 0.8% year-on-year from 1.4% in the fourth quarter and 2.6% in the whole of last year.

Volvo Trucks' says its e-truck sales already exceeds 5,000 units worldwide.

The move to acquire Edison Motors is part of KG Mobility’s new parent company’s strategy to expand into the global automotive market, particularly in the fast-growing electric vehicle (EV) segment.

Government and industry in South Korea are working together to invest in hydrogen as an energy for transport.

Hankook has contracted web service providers Amazon Web Services and Snowflake to build an integrated AI data platform to make more informed decisions based on more reliable data sets aiding product development and increasing manufacturing efficiency, thus enhancing global competitiveness.

The Xcient is the world’s first mass-produced heavy-duty FCE truck and it has been shipped by South Korean parent Hyundai Motor Company to markets including Switzerland, Germany, Israel, South Korea, and New Zealand.

Hyundai to work with Advent to make MEA fuel cell technology a key part of society’s sustainable energy supply for heavy-duty vehicles and stationary systems.

SK Innovation sees ammonia as a 'feasible alternative to realizing the hydrogen economy'.

The site will be located in Queen Creek, on the outskirts of the Phoenix metropolitan area, with production set to begin in 2025 at a capacity of 27 GWh per year.