Hyundai begins Nexo FCEV sales amid strong consumer interest  

Hyundai Motor Company has begun sales of its Nexu fuel cell electric vehicle (FCEV) today in Korea, following very successful pre-orders. 

Prior to retail sales commencing, the Hyundai Nexo had seen wide public interest, with a total of 1,061 vehicles being ordered throughout the pre-order period between March 19-26, 2018. On the first day of pre-order availability, the green vehicle recorded orders of 733 units.

“We are witnessing a historic day as fuel cell technology is being commercialised 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,” said Byung Kwon Rhim, executive vice-president of Hyundai Motor Company in charge of Global Operations Division. 

On the same day, Hyundai delivered the vehicles to both local governments of the city of Ulsan and Gwangju in Korea. The ceremony in Ulsan took place at the hydrogen house, created through joint efforts from Hyundai and Ulsan city, while in Gwangju the ceremony took place at the newly built DongGok hydrogen multi energy station. Both local governments expressed their intention to expand hydrogen refueling infrastructure.

Tech flagship
The Nexo, Hyundai’s technological flagship model, combines the practicality of an SUV with clean advanced fuel cell technology. It is capable of travelling 609 kilometres on a single charge, the best among fuel cell-powered vehicles in the world.

Hyundai says this next-generation vehicle offers the most advanced technology currently in the market with various advanced driver assistance systems and the strongest powertrains in the segment.

Interestingly, the Nexo is free from any greenhouse gas emissions as the vehicle filters and purifies the air during its drive. When air filters through the SUV, 99.9 percent of particulates are purified and the instrument cluster displays how much you have contributed towards cleaning the environment. This process of cleaning the air was demonstrated live last month at the India Korea Business Summit 2018.

The Nexo is set to spearhead Hyundai Motor’s plans to accelerate development of low emission vehicles globally.

Hyundai Motor has also introduced new measures to encourage the further spread of FCEVs. It has announced a 10-year, 160,000km warranty for fuel cell components and also secured personnel and equipment to service Hyundai Nexo vehicles in all of its 22 service networks in Korea.

The pricing of the fuel cell electric vehicle is set at 68,900,000 KRW for the Modern trim and 72,200,000 KRW for the Premium trim in Korea. The Government subsidy could reach a maximum of 35,000,000 KRW, with a central government’s subsidy for fuel cell electric vehicle of 22,500,000 KRW and a regional government’s subsidy ranging from 10,000,000~12,500,000 KRW. The final purchase price could be as low as 33,900,000 KRW for the Modern trim and 37,200,000 KRW for the Premium trim.

Hyundai says pricing of the Nexo for overseas market will be disclosed at later date close to their market launches.

Also read: Hyundai showcases Nexo FCEV and Ioniq EV at India-Korea Business Summit 2018