Fuel cell Commercial Vehicle Market Top Key Players HYUNDAI, DAIMLER, VOLVO, NIKOLA, BYD, TOYOTA

The global fuel cell vehicle commercial vehicle market is estimated at $XX Million in 2020 growing at –% CAGR till 2025. The global fuel cell commercial vehicle market is a very niche market currently set for growth as various OEMs, fuel suppliers and government have shown increasing interest in this technology.

The company shipped a total of 50 Xcient Fuel Cells to Switzerland in 2020. The goal for Hyundai is to sell 1,600 Xcient units by 2025. Hyundai Motor Group aims to secure a 700,000-unit-a-year capacity of fuel cell systems for automobiles as well as vessels, rail cars, drones, and power generators by 2030.The Company shipped 10 units of the Hyundai Xcient Fuel Cell, the fuel cell heavy-duty truck, to Switzerland.

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FUEL CELL COMMERCIAL VEHICLE MARKET DYNAMICS

Hyundai announced that the hydrogen fuel cell system being shipped to the European continent will also be used by non-automotive companies including a Swiss hydrogen solution firm called GRZ Technologies.

Hiringa Energy and HYZON Motors agree to deploy fuel-cell-powered heavy trucks in New Zealand in 2021.This agreement is in line with Hiringa and its partners’ strategy to roll out over 1,500 FCEVs by 2026.

The trucks will come in a variety of right-hand drive configurations with a gross combined mass (GCM) of more than 50t and suitable for New Zealand operators including 8×4 and 6×4 rigid and prime movers with driving distances of up to 500km.

NEW PRODUCT DEVELOPMENT IN GLOBAL FUEL CELL COMMERCIAL VEHICLE MARKET

• Hyundai Motor is developing a long-distance tractor unit capable of traveling 1,000 kilometers on a single charge equipped with an enhanced fuel cell system with high durability and power, aimed at global markets including North America and Europe.

• Toyota Motor Corporation has launched its updated Sora Fuel Cell Electrified Vehicle bus (FCEV bus) with improvements to its preventive safety performance. Toyota also integrated its fuel cell technology into Energy Observer Developments’ hydrogen power generator

• Plug Power, a provider of hydrogen engines and fueling solutions enabling e-mobility, announced a memorandum of understanding (MOU) for the demonstration of Plug Power’s ProGen fuel cell engine in Class 6 and Class 8 vehicles, which will be used by Linde for delivery of products. This fleet of hydrogen fuel cell vehicles is expected to be on the road in early 2021.

• Daimler unveiled a long-haul fuel-cell semi-truck that will begin customer trials in 2023. The Mercedes-Benz GenH2 is based on the brand’s current Actros semi. It boasts a range of 1,000 kilometers (621 miles) and a payload of 25 tons.

COMPANY PROFILES

HYUNDAI
DAIMLER
VOLVO
NIKOLA
BYD
TOYOTA

Read More Information: https://mobilityforesights.com/product/fuel-cell-commercial-vehicle-market/

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