Japan's Honda Motor Co and Isuzu Motors Ltd on Wednesday said they would jointly research the use of hydrogen fuel cells to power heavy-duty trucks, looking to expand fuel cell use by applying the zero-emission technology to larger vehicles. As part of a two-year deal, Isuzu will test Honda's fuel cell powertrain, which was designed for passenger cars, in Isuzu's commercial trucks, the companies said, which could pave the way for using the technology in a wider range of vehicles.
Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and autonomous vehicles, but analysts want to see it deliver. Shares in Hyundai rose as much as 2% on the news, only to give up most of their gains by the close of trade, with analysts waiting to see how its intentions translate into action. "Its announcement of investment plan and goals is full of good words, but not r
CNH Industrial's truck unit Iveco on Tuesday unveiled its first electric vehicle, the Nikola Tre, built in partnership with U.S. startup Nikola Motor Co.. The heavy truck will be built for the European market under a deal announced by the two groups in September and is expected to give a boost to Iveco, which as the smallest of Europe's traditional truck makers competes with the might of Volkswagen , Daimler and Volvo Group. "Just three months after we signed our partnership we have
Hyundai Motor Group said it plans to invest 41 trillion won ($35 billion) in mobility and other auto technologies by 2025, part of which will be directed to an ambitious effort to become more competitive in self-driving cars that has also received government backing. The plan, which Hyundai said encompasses autonomous, connected and electric cars as well as technology for ride-sharing, comes after the automaker and two of its affiliates announced an investment of $1.6 billion in a venture with
BEIJING/SHANGHAI (Reuters) - Auto sales in China fell for a 15th consecutive month in September, data from its biggest auto industry association showed, dampening hopes for a second-half turnaround in the world's largest auto market. Total auto sales fell 5.2% from the same month a year earlier to 2.27 million vehicles, the China Association of Automobile Manufacturers (CAAM) said on Monday. Car sales in 2018 declined from a year earlier, the first annual contraction since the 1990s against a
China needs to strengthen its infrastructure for the distribution of hydrogen as a fuel to accelerate development of its fuel-cell vehicle industry, a high-ranking government industrial policy advisor told a conference on Tuesday. "Experience tells us the most important thing for developing hydrogen fuel-cell vehicles is to build infrastructure that integrates hydrogen production, storage and transportation," Wan Gang, vice chairman of the Chinese People's Political Consultative Conference, tol