- Hydrogen Fuel Excavator development to start in 2020 with a target date for mass-distribution set in 2023.
- Hydrogen fuel cells are more compatible with large construction equipment because of easier capacity expansion than lithium batteries.
- The agreement is expected to give Hyundai Construction Equipment a chance to lead the future hydrogen-powered equipment market and to secure a better position in establishing a global standard.
Ulsan, South Korea – Hyundai Construction Equipment recently decided to join forces with Hyundai Motor Group to develop the world’s first hydrogen-powered construction equipment. Last February, Hyundai Construction Equipment signed a Memorandum of Understanding (MOU) regarding the joint-development of hydrogen fuel cell construction equipment with Hyundai Motors and Hyundai Mobis at its Mabuk Research Center in Yongin-si, Gyeonggi-do. Together, the three companies will look to develop hydrogen-powered forklifts and medium/large-capacity hydrogen-powered excavators over the next few years.
According to the MOU, Hyundai Motors and Hyundai Mobis will design and manufacture hydrogen fuel cell systems, including power packs, while Hyundai Construction Equipment will design, manufacture, and evaluate the performance of excavators and forklifts. The target date for mass production and distribution has been set to 2023.
Meanwhile, Hyundai Construction Equipment has continued to focus on developing eco-friendly construction equipment and machinery in recent years. It mass-produced the first reel-type electric excavator (wired-type equipment used with its power cable plugged in) in 2010, and in 2018, developed a small electric excavator equipped with a large capacity battery for the first time in Korea.